Business
Add as a preferred source on GoogleThe report said state governments owe contractors substantial sums, while businesses broadly are facing liquidity pressure.
BusinessDay reported Nov. 4 that state-level contractor arrears are weighing on cash availability for Nigerian businesses.
The report links the state governments’ contractor obligations to pressure on businesses broadly; it does not say that all affected businesses are contractor firms.
Daewoo says the construction contract is worth about 350 billion won ($261 million). The proposed line would lift Indorama’s installed annual urea capacity to about 5.6 million metric tons.
BusinessDay said higher oil prices did not produce enough revenue for the federal government to meet its target.
The movement claimed thousands attended, but the attendance figure is unverified and its statement gave no exact count.
