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Nairaland Forum / Nairaland / General / Business / Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem (8441 Views)
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Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Omooba77: 10:41am On Jan 07 |
Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023, according to a new report by Meristem. https://punchng.com/cadbury-guinness-others-lost-n472bn-to-naira-depreciation-report 2 Likes 1 Share
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Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by EmperorCaesar(m): 10:42am On Jan 07 |
This is really bad But then,Naira isnt rolling down an incline plane so it won't continue to go bad for them Trust Cardoso to make the Naira appreciates again and these guys will have stronger reasons double their productivity As for the enemy of the states, dem go quote me to explain tire....Obidients I mean 1 Like 4 Shares |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Righthussle: 10:47am On Jan 07 |
No need to panic. Naira will appreciate soon. Deputy god is on the matter but there seem to be a little problem. It seems his god is mistaking naira for dollars. Ever since he made the decree, dollars has appreciated even more. Daddy G O made this decree when 1$ was equal to #200 , now 1$ is equal to #1200. 39 Likes 1 Share
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Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by JASONjnr(m): 10:50am On Jan 07 |
These ones might be warming up to leave the country as well.... I wonder what Tinubu is doing as a first class Accountant from CSU. A school that receives bribe to hide the real identity of their students. FG banning schools refused to ban CSU. 43 Likes 1 Share |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by SharingIsLife(m): 11:00am On Jan 07 |
It affects everything. Even Dangote has dropped on the African billionaire's table for the first time in 12 years. EmperorCaesar:"The wicked run when no one is pursuing" (Proverbs 28:1) Lol, this one is commenting and feeling guilty and fighting against unexisting enemies🤣🤣🤣. If Obidients are enemies of the state, what are those who supported high-profile criminals (a drug baron and a terrorist) to become their President and Vice President? Answer me. Nlfpmod 54 Likes 3 Shares |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by VeeVeeMyLuv(m): 11:07am On Jan 07 |
Righthussle:It doesn't look like it will appreciate soon The most painful thing is that the so-called leaders are neck deep in the round trip of FX (naira depreciation) to the extent that they completely abandoned governance! that is one of the illegal ways they generate their billions & trillions of naira. As the naira is depreciating they are smiling to the bank with their billions. Talk about unpatriotic, dishonourable leaders. 25 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Isobug: 11:35am On Jan 07 |
Righthussle:Who be this one? What about the loses already uncured, that's If actually the Naira will appreciate because in Nigeria anything that goes up never comes down especially when it's the masses that are so much concerned. Tinubu, your tribesman is in toto incompetence. Bitter fact 10 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Brendaniel: 12:31pm On Jan 07 |
EmperorCaesar: Righthussle: Oga, all the red flags were there during the election that Tinubu had nothing to offer, but somehow you guys ignored all of that. A man who said on national TV that he supported Buhari's 8 destructive years on Nigeria so that he can become president is someone you think will have the country in mind? That is like giving a thief the job to install your security door and then believing he won't steal from you when he breaks in at night... 33 Likes 1 Share |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Kukutente23: 12:32pm On Jan 07 |
It is well even in the well 4 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Omooba77: 2:37pm On Jan 07 |
It is well Mynd44, Nlfpmod....... 2 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Beremx(f): 2:42pm On Jan 07 |
So because they lost to naira depreciation, that's why they keep increasing the price of their products almost on daily basis? Nonsense 1 Like |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by flexyrule(m): 2:55pm On Jan 07 |
Oh well. Kpele |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by RECTEM: 2:56pm On Jan 07 |
n |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Flame333: 2:57pm On Jan 07 |
Expect more investment and employment.. Only 63 years of independence and we are taken back 6300 by APC.. That's how you build the biggest lie called Lagos 15 Likes 2 Shares |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Buharism101(m): 2:57pm On Jan 07 |
Against all odds.... Nigeria will be great insha Allah 🇳🇬 3 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by keymatt(m): 2:57pm On Jan 07 |
We agbadorians and Emolikan association of Nigeria don't care about how much companies lost. Even if they lose $500 billion, we don't care. All we care about is that Tinubu our god is president of Nigeria. 16 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by GOFRONT(m): 2:57pm On Jan 07 |
Abeg oo......I hope Guiness is not planning to pack out of naija........Ok today na Sunday......Make i first run Beer Barn go take some chilled Guiness. BRB |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Watinhapen(m): 2:57pm On Jan 07 |
No wonder they’re running kitikata away from Nigeria. The government better do something about the naira that is falling like flat breasts. 3 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Dialpad: 2:58pm On Jan 07 |
Why can't indigenous Nigeria companies be allowed to compete with them. They will not be sending funds to home office, what is so special about chocolates and beer that Nigerians cannot produce and consume .... even export to African and other international markets. |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Pennyseo2: 2:59pm On Jan 07 |
I had a land I wanted to sell for 15million in MAY last year. Someone one priced it 11m but I refused because it's in a developed area by the time I got buyer again it was in September ending and naira has depreciated and I sold the land 14m which when converted i got 9,000 pounds . If I had sold it 11m two months back and converted the money, I would have gotten 13800 to 14k pounds This life 19 Likes 2 Shares |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by raddyworld: 2:59pm On Jan 07 |
Nigerians don't want freedom guys, Nigerians are the fake set of people on earth. We know how it is practice in other nations and they triumph over unfavorable policies. Try it here. Let's move out enmass. Let cooperate for once. NLC are supposed to lead this but their politics and selfishness is glaring. Nigerians want freedom without protest. Nigerians want protest without attack. Nigerians want to win a deadly battle without war.. Politicians play deadly to get there..same measure may be needed to remove. If you cant boldly condemn a thief for stealing, then you have a skeleton in the cupboard. Sanity is far. Virtually all those at the war front have soiled there hands with corruption, then how can they fight the enemy who knows them, eat with them... If we start a strong protest today... Tinubu and the house will hide from the public and every unfavorable policies will slow down. But we are so tribalist, self-centered, shallow-reasoning that we don't know what we want. Even faith without works is dead, so also our prayers without action... 5 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Anatolia: 3:01pm On Jan 07 |
EmperorCaesar: Can’t you make your statement without inciting provocations. It is a sign of immaturity. 6 Likes 1 Share |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Clobisman(m): 3:02pm On Jan 07 |
Omooba77:It's easy to mention those conglomerate what about medium factories like some of us operate. I can't even start mentioning all the loss I accrued last year. It has never been so bad business wise like last year for some of us. 6 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by nnamdi640: 3:02pm On Jan 07 |
I don't think it is a nice decision to float Naira, any body that gave Tinubu that advice must be a bad advicer. Naira that has nothing to support its strength is what this man called Tinubu and his advicer allowed to enter jungle where you have strong currencies battling with each others. Buhari advicers are more sensible when compared to Tinubu advicers. 7 Likes 2 Shares |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Flame333: 3:04pm On Jan 07 |
Righthussle: You dey use naira compare Jesus is coming abi no wetin.. The problem is with the driver of the bus not the passenger.. Bad leaders will take us no where.. 4 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Anatolia: 3:05pm On Jan 07 |
One thing, we are good at is rationalizing incompetence. This government has started failing from the beginning and will continue to do so unless there is radical change in policy. 4 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by iwaeda: 3:05pm On Jan 07 |
Omooba77: Are they exiting too. APC's policies causing many to close shops. Unemployment increasing daily. 4 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Fatbam005: 3:09pm On Jan 07 |
My popcorn business also collapsed . 3 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by Originalsly: 3:09pm On Jan 07 |
They've made enough .... they should leave and let us develop our own industry using our resources. |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by MasterJayJay: 3:12pm On Jan 07 |
Originalsly:Myopic! Even Dangote lost too. Every Nigerian lost due do devaluation. 3 Likes |
Re: Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem by asanausana91: 3:16pm On Jan 07 |
First class accountant where are you? When I told them that Tinubu is a disaster some mooo begin to insult me. 2 Likes |
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