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Nigeria Shareholders Left Empty-Handed as PZ Cussons Nigeria Reports N96.4 Billion Loss and Negative Equity
PZ Cussons Nigeria reports a massive N96.4 billion loss in FY 2024, resulting in negative equity. Despite revenue growth, exchange losses, and macroeconomic challenges have severely impacted the company's finances. Delisting plans face hurdles as the parent company reviews Nigerian operations to...- Nigeria News
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- 2 min read
- fmcg nigerian consumer goods industry pz cussons pz cussons financial loss pz cussons nigeria
- Category: Business
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Nigeria Consumers Brace for Impact as Nigerian Breweries Responds to Economic Pressures with Second Price Hike in Two Months
Nigerian Breweries Plc has announced another round of price increases for its products, marking the second adjustment in just two months. The company, in a review notification distributed to customers in the South-West zone, revealed that the new prices would come into effect from March 15...- Nigeria News
- Article
- 1 min read
- fast-moving consumer goods fmcg nigerian breweries price increase
- Category: Business
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Nigeria More Job Losses Expected As Procter and Gamble Exit Nigeria
In a strategic shift announced at the Morgan Stanley Global Consumer & Retail Conference, consumer goods giant Procter & Gamble (P&G) is set to dissolve its on-ground operations in Nigeria, opting for an import-only business model. The company's Chief Financial Officer, Andre Schulten, cited the...- Nigeria News
- Article
- 2 min read
- andre schulten businesses in nigeria chief financial officer fmcg p&g
- Category: Business
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