Nestle needs fresh capital to recover N177bn loss – Analysts

Financial analysts have stated that Nestle Nigeria may need fresh equity capital and government intervention to recover from the N176.9bn loss in the first half of 2024. The company’s loss worsened by 254.51 per cent from the N49.9bn after-tax loss it suffered in the prior period of 2023. Nestle blamed the devaluation of the naira, Read More

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