Nigerian Breweries Profit Falls as Weak Naira Raises Costs

Updated on
  • 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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