• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nigeria’s Harsh Economy Has Just Made Tiger Brands Change Strategy

Editor by Editor
May 25, 2016
in Business News, Spotlight
Nigeria’s Harsh Economy Has Just Made Tiger Brands Change Strategy
Share on FacebookShare on TwitterShare on Linkedin

Newly appointed Chief Executive Officer (CEO) of South Africa’s biggest consumer foods maker Tiger Brands; Lawrence MacDougall, has said that the company would review its strategy and overhaul its operations, after a botched investment in Nigeria and difficulties in South Africa and its other exports markets.

Tiger Brands is facing shrinking demand for its products, especially in the Nigeria and Mozambique, coupled with a bleak outlook in South Africa (its largest market) where consumer confidence is near 14- year lows.

“Being able to focus our attention and being able to prioritise where we spend our money is going to be critical to a good set of results,” MacDougall said.

“We need to know which buttons to push and which to prioritise,” he told reporters after a interim results presentation for the company, which makes bread, breakfast cereals and energy drinks.

RelatedStories

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC declares Kano indigene, Auwalu Tijjani wanted over alleged $1.9m money laundering  

July 11, 2025
FX rate for customs import duties rises again by N37 

Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 

July 11, 2025

Tiger Brand announced last December that it will sell its 65.7% stake in its loss making Nigerian division to Dangote Industries Limited for $1.

That deal saw Tiger Brands receive an immediate cash injection of $46.1m with Tiger Brand taking ownership of debt of about $26.3 million, which meant the South African company effectively lost all of the money it invested in the company.

Tiger Brands has had a bitter experience in Nigeria, with the economy being hit hard by oil price slump and foreign exchange scarcity.

Chief Operating Officer, Noel Doyle told Reuters the company would tread more cautiously in uncharted markets and currency and inflation concerns could dampen the appeal of any acquisitions in the near future.

“If we brought a big acquisition today to the market in Africa shareholders would quite rightly have a lot of questions about it and there would be some resistance,” he said.

Editor

Editor

Related Posts

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Business News

EFCC declares Kano indigene, Auwalu Tijjani wanted over alleged $1.9m money laundering  

July 11, 2025
FX rate for customs import duties rises again by N37 
Business News

Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 

July 11, 2025
Federal High Court, REA
Legal & Regulations

Court dismisses ‘scavengers, beggars’ N500 million demand against FCT Minister, Wike  

July 11, 2025
Top 10 investment platforms in Nigeria ranked by downloads and user ratings as of June 2025 
Financial Services

Top 10 investment platforms in Nigeria ranked by downloads and user ratings as of June 2025 

July 11, 2025
US says Nigerians overstaying their visas face permanent ban, criminal prosecution
"Japa"

US Embassy clarifies Visa Validity reduction policy for Nigerians, denies link to deportees, BRICS

July 11, 2025
NNPCL may sell Warri, Port Harcourt, Kaduna refineries after 2025 review – Ojulari  
Energy

NNPCL may sell Warri, Port Harcourt, Kaduna refineries after 2025 review – Ojulari  

July 11, 2025
Next Post
India looks to Nigerian crude

Nigeria's Crude Oil Price, Production And Export In 2015

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • EFCC declares Kano indigene, Auwalu Tijjani wanted over alleged $1.9m money laundering  
  • Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 
  • Court dismisses ‘scavengers, beggars’ N500 million demand against FCT Minister, Wike  

Follow us on social media:

Recent News

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC declares Kano indigene, Auwalu Tijjani wanted over alleged $1.9m money laundering  

July 11, 2025
FX rate for customs import duties rises again by N37 

Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 

July 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics