Sandra Beldine Otieno
April 30, 2024
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Heineken NV's Nigerian unit, Nigerian Breweries Plc, has temporarily closed two of its nine factories in response to severe currency depreciation that has escalated costs and eroded consumer purchasing power. This strategic move aims to dial back a 15% capacity expansion from the past decade and reduce operational expenses. …
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Nigeria’s retail demand for beverages declines sharply as coffee demand outpaces tea in Q2 2024
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