Daily Archives: February 25, 2016

Heineken looks-on with keen interest amid currency turmoil in Nigeria

Heineken is observing with keen interest the Naira headwinds, which makes it difficult for the company to take money out of the country.

A spokesperson for Heineken, said that currency repatriation in Nigeria, the company’s second biggest by profit contribution, was getting “more difficult but is not impossible.”

Analysts express concern over CCHBC’s 2015 earnings, amid currency headwinds in Nigeria

While Coca-Cola HBC’s (CCHBC) 2015 full year financial results showed a remarkable improvement in terms of volume growth, 3% and 16% rise in operating profits,  revenue for the company declined 2.5% to €6.35bn ($7bn), while profits also fell 4.9% to €280.3m.