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Category : Business

29 Apr 2016


The recent fall in global oil prices, the delays in passing the 2016 budget, the shortage of petroleum products, the steep drop in power generation and general slowing of economic activities in Nigeria, all have resulted in some foreign companies shutting down their plants, selling off and shipping out; Medium size (and in some cases blue chip companies) scaling down operations and reappraising financial activities as well as carrying out large scale cost engineering in order to stay afloat; invariably […]