Andre Schulten, the Chief Financial Officer of the group, who announcement this during his presentation at the Morgan Stanley Global Consumer & Retail Conference, explained that it is difficult to do business in Nigeria as a dollar-denominated organisation given the macroeconomic reality in the country
“The other reality that arises in some of these markets is that it gets increasingly difficult to operate and create U.S dollar value. So when you think about places like Nigeria and Argentina, it is difficult for us to operate because of the macroeconomic environment,” he stated.
