Guinness, Other Nigerian FMCGCs Lost N472bn To Naira Depreciation – Report
Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost not less than N472.3bn to naira depreciation during the first nine months of 2023, according to a new report by Meristem. The report stated that the high inflation rate put significant pressure on production costs within the consumer goods sector, particularly affecting…
Read More “Guinness, Other Nigerian FMCGCs Lost N472bn To Naira Depreciation – Report” »