Fiber optic connectors are a substantial fragment of the global telecommunication industry. Optical fibers are joined using fiber optic connectors, which allow the light conduction between two consecutive optical fibers. An additional im…
BMI View: We maintain our view that high inflation, a depreciating naira and the ongoing liquidity crisis
will result in a 45.0% contraction in vehicle sales in 2016.
- A depreciating currency will continue putting upward pressure on the prices of imported vehicles and
- The ongoing dollar shortage will hamper vehicle manufacturing as a lack of access to hard currency
slows down operations.
- The removal of fuel subsidies, and the resulting increase in fuel prices in Nigeria, will continue to keep
inflationary pressures high in the country, reducing consumer purchasing power and keeping vehicle
running costs high.