Rising energy costs drain N820.7 Billion from NGX industrial firms, squeeze profit margins

Industrial goods companies listed on the Nigerian Exchange Limited (NGX) spent a combined N820.7 billion on energy in the first nine months of 2026, as rising fuel and power costs continued to put pressure on manufacturers’ operating expenses and profit margins. The post Rising energy costs drain N820.7 Billion from NGX industrial firms, squeeze profit margins appeared first on Nairametrics.