Sandra Beldine Otieno
April 30, 2024
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Heineken NV's Nigerian unit, Nigerian Breweries Plc, has temporarily closed two of its nine factories in response to severe currency depreciation that has escalated costs and eroded consumer purchasing power. This strategic move aims to dial back a 15% capacity expansion from the past decade and reduce operational expenses. …
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Fresh staples stay strong as Nigeria’s food market splits between value seekers and quality spenders
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