FMCG firms deepen expansion as capital spending hits five-year high

After years of holding back, consumer goods firms are opening up their wallets, deploying as much as N476.7 billion in 2025 toward factories, equipment, and supply chain expansion. According to data tracked by BusinessDay using the 2025 audited cash flow financial statements of consumer goods manufacturers listed on the Nigerian Exchange (NGX), capital expenditure (CAPEX)

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