Business

Oil marketers says FX devaluation, high interest rate slowing down business 

Oil marketers under the aegis of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) yesterday, have expressed their dissatisfaction to the federal government over the hostile working environment its members currently operate. 


In a press conference held in Abuja, Mr. Benneth Korie, the National President of NOGASA, emphasized the adverse effects of the surging dollar exchange rate on their businesses.


Furthermore, he noted that the rise in interest rates has compounded the difficulties faced by businesses operating in the oil industry