FX Crisis: PZ Cussons to Sell Nigerian Subsidiaries Amid Financial Challenges
In response to Nigeria’s ongoing FX crisis and the significant devaluation of the naira, multinational consumer goods company PZ Cussons has initiated plans to sell its Nigerian subsidiaries. The decision to sell Nigerian subsidiaries comes as the company seeks to mitigate its exposure to currency fluctuations, with the naira losing 70% of its value over…