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Cadbury, Guinness, others lost N472bn to naira depreciation – Report
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, according to a new report by Meristem. The report noted that the high inflation rate exerted significant pressure on production costs within the consumer goods sector, particularly affecting
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