Nestle Nigeria Plc, one of the largest food and beverage companies in Nigeria, recorded an after-tax loss of N176.9 billion in the first half of 2024 driven by naira devaluation.
The firm’s loss widened to N176.9 billion in the first half of 2024 from N49.9 billion in the same period of 2023.
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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.
