BusinessDay
Nigeria's leading finance and market intelligence news report.

Early Data Shows FMCGs Slashing Capital Expenditure to Preserve Cash amid Coronavirus

Nigerian fast-moving consumer goods firms delayed expansion plans in the first half of the year to manage their cash amid the coronavirus pandemic. Three consumer goods firms cut heavy investment by 68% to N6.98 billion in the six months to end of June while their cash and near-cash assets rose more than four times to…



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