Nigerian Flour millers on NSE suffer a decline as wary investors offload shares.
FMCG Companies and consumer goods retailers benefitted from the changes in consumer behaviour.
NSE Consumer goods Index closed the week at 588.40 index points, as shares of Dangote Sugar, Unilever, others dipped.
PepsiCo, world’s largest beverage company, says its net income declined by 2.7% to $7.12 billion in 2020.
NSE Consumer goods Index closed the week at 593.91 index points, as shares of Nestle, NB, Dangote Sugar, Flour Mills decline.
Unilever is targeting long-term sales growth of 3% to 5%, as sales in China and India rebound.
Flour Mills Nigeria Plc has stated that the recent reopening of the nation’s land borders will not affect the profitability of the company.
The company announced that it has upsized its flagship $1.675 billion multi-tranche revolving credit facility.
Diageo Plc expects a sequential improvement in organic net sales and operating profit compared to the first half of fiscal 2020.
Heavy floods at Flour Mills' Sunti Golden Sugar Estate has disrupted its operations.