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

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

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 on interest expense combined with strong sales and improved gross margins could bolster future profit amid a volatile and tough operating environment. “Nestle…

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