Manufacturers’ Unsold Goods Hit ₦1.77trn As Costs Mount

Manufacturing companies listed on the Nigerian Exchange Limited (NGX) began the second quarter of 2026 with combined unsold goods valued at approximately ₦1.77 trillion, while their cost of sales rose to ₦1.43 trillion. The inventory figure represents a 10.6 percent year-on-year increase from ₦1.597 trillion in the first quarter of 2025, and the cost of sales climbed by 13.7 percent from ₦1.261 trillion to ₦1.434 trillion over the same period. The data indicates that manufacturers are carrying more stock while facing higher production and selling costs. The inventory build-up spans consumer goods, building materials, agriculture, food processing, and other manufacturing-related businesses.

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