Consumertrics

  TelCables Nigeria plans to showcase its solutions to Micro-, Small and Medium-sized Enterprises (MSMEs) at the inaugural International Telecoms Week Africa 2023 (ITW) tomorrow in Nairobi, Kenya. Telcables Nigeria Regional Director, Fernando Fernandes said: “As a new entity serving Nigeria and its neighbouring countries, TelCables Nigeria is in a unique position to offer   carrier […]

  Financial services company, Mastercard, has partnered with Nigeria’s E-commerce platform Alerzo, to offer digital payment solutions, to address the challenges faced by SMEs in Nigeria’s Fast Moving Consumer Goods (FMCG) sector. This partnership aims to promote the use of financial solutions over the next five years and provide practical financial training and knowledge to

  With about N20.77billion foreign exchange losses, Cadbury Nigeria Plc has declared N14.52billlion loss before tax in half year (H1) ended June 30, 2023 as against N3.35billion profit before tax reported in half year (H1) ended June 30, 2022. The Fast-Moving Consumer Goods (FMCG) company listed on the Nigerian Exchange Limited (NGX) also declared N14.54

  At the backdrop of rising interest rates and foreign exchange scarcity, leading consumer goods manufacturing companies have come under severe funding pressure. Financial Vanguard findings from the financial statements of the companies show that they have resorted to very expensive bank borrowings to sustain their businesses, increasing their exposure to the banks to N1.834