Manufacturers’ credit sales jump amid weak demand

November 28, 2023

High-interest rate adds to manufacturers’ woes

Manufacturers sold more goods on credit in the first nine months of 2023 compared to the same period of last year on the back of weak demand caused by petrol subsidy removal and naira devaluation. A BusinessDay analysis of the financial statements of nine fast-moving consumer goods (FMCG) firms s

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