Nigeria’s largest FMCGs see profits surge to five-year high

Nigeria’s largest FMCGs’ profits exceed pre-pandemic levels

Dangote Sugar, Flour Mills, Nestle Nigeria, Unilever Nigeria and Nascon recorded a combined profit of N52 billion in the first half of 2021

Nigeria’s largest Fast-Moving Consumer Goods (FMCGs) companies have seen their profits surge to a five-year high and above pre-pandemic levels in the first half of 2021, a sign that an economic recovery is on for Africa’s biggest economy. Data compiled by BusinessDay show that Nestle Nigeria,

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