Nigerian Breweries Profit Falls as Weak Naira Raises CostsBy
Company's share price has declined 28 percent this year
Naira has fallen to record lows in unofficial trading
Nigerian Breweries Plc, the local unit of Heineken NV, said full-year profit declined 11 percent as the cost of doing business increased amid a weaker naira and slowing economic growth in Africa’s most populous country.
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