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Oil slide, consumer slowdown threaten cement firms

Oil slide, consumer slowdown threaten cement firms

by magna / Monday, 02 February 2015 / Published in Capital Market News

The persistent fall in oil prices which has cut government’s proposed capital expenditure for 2015 and slowed consumer spending continues cause cement makers near term headwinds. “We expect deteriorating macro conditions in Nigeria to lead to a reduction in government’s capital expenditure and declines in consumer spend. We believe both forces will constitute a drag…

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Source : BusinessDay

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