NewsBreakNigeria
USD/NGN 1,330.17GBP/NGN 1,760.41USD/NGN black market ₦1,375 ▾0.4%GBP/NGN black market ₦1,850EUR/NGN 1,490.17JPY/NGN 8.41CAD/NGN 933.03
USD/NGN 1,330.17GBP/NGN 1,760.41USD/NGN black market ₦1,375 ▾0.4%GBP/NGN black market ₦1,850EUR/NGN 1,490.17JPY/NGN 8.41CAD/NGN 933.03

N1.35trn Power Cost, N3.53trn Raw Material Imports Choking Nigerian Manufacturers – MAN

Manufacturers spent N1.35 trillion on alternative power in 2025, up from N1.11 trillion in 2024, while raw material imports hit N3.53 trillion in six months, worsening Nigeria’s industrial competitiveness. This was…

Aggregated · originally by Leadership
6 Oct 2026, 05:30 WAT · 3 min read
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N1.35trn Power Cost, N3.53trn Raw Material Imports Choking Nigerian Manufacturers – MAN