Nestle, Dangote Flour revenues surge as FMCG firms gain from devaluation 

by | October 31, 2017 2:00 am

Fast Moving Consumer Goods (FMCG) firms finally have a reason to smile following a tough 2016 as the devaluation of the naira is leading to a jump in sales to neighbouring countries. In the past two years, the naira has fallen nearly 50 percent to the CFA franc (which is pegged to the Euro), meaning…

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