Nestle Nigeria has recorded an after-tax loss of N176.9 billion in the first half of 2024, driven by the devaluation of the naira.
The firm’s after-tax loss widened by 254.51 percent from the N49.9 billion recorded in H1 2023. “The devaluation of naira led to the revaluation of our foreign cu
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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.
