Browsing Tag

Nigerian consumer goods

More pain for consumer goods firms as transport costs rise by 27%

Olamide Ologunagbe Mar 24, 2023 0

The rising cost of transportation, linked to the increasing price of diesel is biting hard on manufacturing companies, especially Fast-Moving Consumer Goods (FMCG) as transport costs soared…

Companies

Consumer goods firms post N1.6trn revenue in nine months

Favour Ashinze Jan 2, 2023 0

In the face of very challenging macroeconomic events characterised by rising inflation, energy prices, interest rates, and weakened consumer purchasing power, Nigerian consumer goods firms…

Market Intelligence

Consumer goods firms’ operating profit surges to N130bn in H1

Folake Balogun Oct 10, 2022 0

Nigeria's consumer goods firms recorded a huge increase in operating profit which rose by 91.6 percent to N130.18 billion in the first half of 2022, up from N67.92 billion in the same period…

Consumer firms reduce leverage with finance costs down to 3 year lows

BALA AUGIE Nov 20, 2017 0

Nigerian consumer goods firms have reduced leverage by paying down loans and swapping debt for equity leading finance costs to drop for the first time in 3 years. Analysts say the reduction…

Exclusives

Consumer firms gross margins rebound from recession lows

BALA AUGIE Nov 13, 2017 0

Nigerian consumer good firms are beginning to see margin expansion following the worst recession in 25 years which saw their sales fall and costs spike. Gross margins a measure of…