Early results show Nigerian firms defying headwinds

The trend of large companies declaring bumper profit is, however, in sharp contrast with an economy struggling with weak consumer purchasing power

Seventy percent of the biggest companies that have released their financial results for the first quarter (Q1) of 2022 posted their highest Q1 profit after tax in 10 years in the period despite the economic headwinds facing them. These companies include Unilever Nigeria Plc, BUA Cement Plc, Lafar

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