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Nigerian Breweries’ FX Loss Soars To N160bn Amid Challenging Economic Conditions

Daud Olatunji Nigerian Breweries Plc has reported a staggering N160.48 billion in foreign exchange losses as of the end of the third quarter, marking a sharp increase from the N86.83 billion recorded by September 2023. This was disclosed in the brewer’s unaudited financial results filed with the Nigerian Exchange Limited on Wednesday, highlighting a challenging …

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