Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023.
By the end of the year’s first half, manufacturers partly blamed fuel subsidy removal for increased job losses, unsold goods on supermarket shelves, and more.
P&ID mind-bloggling scam: 2 Nigerians involved would have pocketed N1. 5trn — Report vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.