Business News Nigeria | Daily Updates | Nigerian News (original) (raw)
BusinessDay
Manufacturers face margin squeeze as China freight rates jump
Manufacturers in Nigeria are staring at fresh cost shocks after some of the world's largest shipping lines imposed new surcharges on cargo from China, the country's biggest source of imports, threatening to further erode margins at a time when weak consumer demand leaves little room to raise prices. Within weeks of each other, at least three global carriers announced new charges on shipments from China...
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