Nigerian Breweries Declare N10.71bn Loss In Q1, Blames CBN’s Naira Redesign Policy

Nigerian companies have begun to recount the impact of the naira redesign policy of the Central Bank of Nigeria.

The country’s biggest brewery company, Nigerian Breweries said it recorded a loss of N10.7bn in the first quarter of 2023 due to the ripple effect of the controversial naira redesign policy of the CBN.