Just lately, the Dangote Group claims that its cement is more cheaper in Nigeria, than the price they are selling it in Ghana, and that anytime they concentrate to supply the Nigerian market, they lose a lot of money.“To satisfy domestic supply, we would always have to postpone exports from our newly opened export facilities, resulting in loss of dollars profits, he stated, noting that the organization also have reopened their 4.5 million ton Gboko factory.
dollar rate in nigeria today news
According to Dangote Group, they sell cements cheaper in Nigeria than Ghana which is causing them loose dollar earnings focusing on the Nigerian market.The group says that in order to meet local demands, they had to suspend exports from the export terminals they recently inaugurated, so as to forgo dollar earnings.
Nigeria’s public debt stock rose by ₦5.51 trillion, from ₦27.40 trillion as at December 2019 to ₦32.92 trillion as at December 2020.This represents an increase of 20.12% in just a year.The increase is consistent with the pace of rise since 2014: the country’s public debt has nearly tripled in the last six years, rising from ₦11.24 trillion as at December 2014 to ₦32.92 trillion as at December 2020.
The Senior Advocate of Nigeria, Femi Falana raise an alarm over the Buhari led administration's intention to sell fuel at N500 per litre before the year 2021 runs out. Falana disclosed this while speaking at the two day conference of the People's Alternative Political Parties Summit in Abuja over the weekend titled, “A New Nigeria Is Possible". The Human Right Lawyer who gave the major reasons for the summit recalled how the President compared the fuel price in Nigeria and other neighboring countries some