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Nestlé Nigeria declares 22.4% sales increase, N79.5bn PAT loss

Nestlé Nigeria declares 22.4% sales increase, N79.5bn PAT loss

Elhusseini revealed that while the company’s operating profit jumped by 41.2 percent, reaching $122.7 billion, its profit after tax (PAT) was negatively impacted by the devaluation of the naira.

28 Feb 2024 8:04 PM IST
CBN mandates sellers above $10,000 to declare sources

CBN mandates sellers above $10,000 to declare sources

Mustapha said that such sellers would also be required to comply with all Anti-Money Laundering/Combating the Financing of Terrorism ( AML/CFT) regulations.

24 Feb 2024 1:51 PM IST