46% of Firms Increased Prices in March

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Stanbic IBTC has revealed that 46% of private enterprises in Nigeria increased the selling prices of their products and services in March while only 2% lowered their prices.

Many businesses sought to share the high cost of doing business in the country with their customers – Purchasing Manager Index (PMI)

The PMI said: “Private sector firms in Nigeria sought to share higher cost burdens with their clients during the month (March). Almost half of surveyed respondents (46%) raised their selling prices in March while just 2.0% lowered them.

-ThisDay

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