Cadbury Nigeria Falls Into Negative Equity Crisis, Declares N27bn Loss In 2023

Cadbury Nigeria Plc has posted N27.63bn loss after operating for the full year of 2023 but the company may be in a red flag after total equity widened.

Cadbury Nigeria’s negative equity was N15bn in the twelve months of 2023 after it declined by 214 per cent from the N13.3bn equity which it was in 2022.