Fall In The Value Of Naira Causes Prices Of Electricity Meters To Increase In Nigeria
The fall in the value of naira following the currency's recent devaluation by the Central Bank of Nigeria has made prices of electricity meters in the country to increase. A single meter that usually goes for N25,000 is now N39,375 while a three-phase meter which was N50,000 is now N60,909. Marketers say the price increase was because most of the meters in the Nigerian electricity market were imported and the exchange rate of naira to dollar has been posing a huge problem to importers.
Fall In The Value Of Naira Causes Prices Of Electricity Meters To Increase In Nigeria
Reviewed by Nigeria Newswatch
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Reviewed by Nigeria Newswatch
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23:11
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Nigerian Naira Exchange Rate
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