A recent report by Meristem has indicated that leading fast-moving consumer goods (FMCG) companies in Nigeria, such as Cadbury, Guinness Nigeria, and Nestle, collectively suffered a financial setback of N472.3 billion during the first nine months of 2023 due to the depreciation of the naira. The report underscores the impact of high inflation rates on … Continue reading Nigeria’s Major FMCG Companies Reportedly Lose N472.3 Billion Due to Naira Depreciation