Nigeria’s leading paint manufacturing companies reported a 134.3 percent rise in their net cash flow from operations in the first quarter of 2025, driven by rising earnings and strategic cost-cutting measures.
BusinessDay analysis of major industry players, including Chemical and Allied Products (CAP Plc), Berger Paints Nigeria Plc, and Meyer Plc, recorded a 22.2 percent rise in earnings to N14.1 billion, up from N11.5 billion. This reflects improved consumer demand and pricing strategies amidst persistent inflationary pressures.
CAP Plc
