Tag: Guinness

Foreign Exchange Crisis: How Guinness Posted Over N5bn Loss

Foreign exchange expenses eroded the operating profit of Guinness Nigeria Plc for the year ended December 2023, resulting in N5.233bn loss. This was contained in the unaudited interim financial statements…

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Report Reveals How Cadbury, Guinness Others Lost N472bn To Naira Depreciation

Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023, according to a…

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