Nigerian Industrial Clusters Strained By Dollar-linked Costs Amid Transition From Diesel To Gas

Nigeria’s industrial clusters are under mounting pressure as manufacturers switch from diesel to gas for cost savings and reliability, only to face fresh shocks from the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) recent hike of wholesale gas prices—from $2.13/MMBtu to $2.18/MMBtu effective April 1—compounded by dollar-linked pricing that amplifies forex volatility in an […]

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