Four out of 11 manufacturers reported losses last year as their borrowing costs surged on the back of rising interest rates and naira devaluation, according to data compiled by BusinessDay.
Analysis of the financial statements of International Breweries Plc, Cadbury Nigeria Plc, Morison Industrie
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
