Tag: Nigeria Brewing Industry in Nigeria Hit Hard with Combined Losses of N169.7 Billion

Nigeria Brewing Industry in Nigeria Hit Hard with Combined Losses of N169.7 Billion

Nigeria’s leading breweries faced a staggering combined loss of N169.7 billion in the first quarter of 2024, as reported by BusinessDay’s comprehensive analysis of their financial statements. Rising interest rates and the ongoing devaluation of the naira inflicted significant financial strain on Champion Breweries Plc, Nigerian Breweries Plc, International Breweries[Read More…]