Nestle Nigeria Sees Margins Pressured as Inflation WeighsBy and
Dollar supply too inconsistent to plan raw-material imports
Company to use market dominance to ride out likely contraction
Nestle Nigeria Plc, a unit of the world’s biggest food company, will struggle to maintain profit-margin growth in 2016 as the highest inflation in nearly 11 years and a lack of foreign currency stalls the economy in Africa’s most populous country.
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