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Tag: as forex loss rises 400 to 466bn

Manufacturing sector bleeds as forex loss rises 400% to N466bn

Manufacturing sector bleeds as forex loss rises 400% to N466bn

  • By bigtruth
  • December 11, 2023

The manufacturing sector suffered a 400 percent increase in net foreign exchange loss to N466 billion in nine months ending September, reflecting the severe impact of the foreign exchange market regime. Sector operators said the current forex situation has compounded the pressures emanating

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