Nigeria’s private sector grappled with heightened inflationary pressures in November 2024, driven by currency depreciation and escalating fuel prices, according to the latest Purchasing Managers’ Index report by S&P Global. The report, released today, revealed that these factors significantly increased input costs, restricted purchasing ac...
PZ Cussons Plc, the parent company of PZ Cussons Nigeria, has concluded plans to sell its African subsidiaries, citing the depreciation of the Naira as the major reason. Reviewing the company’s ‘Results for the year ended 31 May 2024’, Jonathan Myers, PZ Cussons’ Chief Executive Officer, said Nigerians are facing unprecedented inflation and ec...

