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| Version 32 | Version 33 |
|---|---|
| Africa Live: Shock as Malian-French singer faces 'racist' attacks - BBC News | Africa Live: Shock as Malian-French singer faces 'racist' attacks - BBC News |
| (32 minutes later) | |
| Nkechi Ogbonna | |
| West Africa business journalist, BBC News | |
| The price of beer is set to rise once again in Nigeria because of the rising cost of production, says Nigerian Breweries. | |
| This is the third time in less than a year that consumers will be paying more for their refreshment. The brewery said the new prices would take effect on Friday, seven months after the last reset. | |
| Nigeria Breweries is the largest and oldest brewery in the country, but last year, it recorded a net loss of 106bn naira ($66m: £53m) because the depreciation of the naira, the local | |
| currency, has made importing the ingredients more expensive. | |
| In recent months, local manufacturers in many sectors have hiked product prices | |
| as the country faces the worst economic crisis in a generation. | |
| Lack of access to foreign currency which would be used to import raw materials and the poor power supply are among key factors impacting the cost of production and doing | |
| business in Nigeria. | |
| The high food and transportation | |
| costs have forced many into poverty. | |
| More on Nigeria's cost of living crisis: | |
| Why Nigeria's economy is in such a mess | |
| People turn to 'throw-away' rice for food | |
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