Cadbury Nigeria Plc’s cocoa export revenue fell by more than half between January to September this year, underscoring the pressure Nigeria’s manufacturers face as currency volatility, logistics costs, and weaker demand squeeze overseas sales.
Sales from foreign markets declined 52.7 percent to N5.05 billion in the nine months to September, down from N10.66 billion a year earlier, a loss of about N5.61 billion, according to the company’s latest financial results.
This revenue encompasses the manufacturing and sale of cocoa powder, cocoa b
