Tag Archives: Nigerian naira

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.”

Beverage Industry Continues to Grow Amid Uncertainty

The Nigerian Beverage Industry will continue to experience growth amid uncertainties in the economy.

The economy is beset by a host of macro-economic headwinds, from drop in oil price to devaluation of the naira, rising inflation, a weakened consumer confidence and an insurgency in the North of the country that is going into its seventh year. With that said, we still feel that the beverage industry has a bright prospect. Some sectors will fair better than others.