Naira depreciation pushes Nigerian Breweries to highest annual loss ever

Nigeria | The Nigerian brewing industry has been faced with inflationary pressures coupled with a Naira devaluation, which led to recurring losses. The country’ largest brewer, Nigerian Breweries, reported a post-tax loss of NGN 144.8 billion (USD 97 million) for its financial year 2024, as detailed in its financial report released on 14 February.

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