The devaluation of the naira has spiked the borrowing cost of International Breweries Nigeria plc (IBN), thus denting the beer maker’s profit, analysis of the financial statement shows.
“The surge in net finance costs was most likely due to the impact of the naira devaluation on IBN’ $25 mi
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BALA AUGIE
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
