Nigeria's recent naira devaluation has taken a toll on consumer goods companies, with seven reporting significant losses per share, according to findings by BusinessDay.
Nine FMCG firms recorded a cumulative loss of N50.62 billion in 9M’2023 from a profit of N150.4 billion in the same period of
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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.
