Photo Credit:Punch Newspapers
Consumer goods giant PZ Cussons has withdrawn its earlier plan to exit Africa, saying it now sees a path to recovery and growth in Nigeria after a period of macroeconomic headwinds. The company cited stabilising reforms, improving foreign‑exchange conditions and signs of demand recovery as reasons for maintaining its Nigerian operations.
Management explained that restructuring efforts, portfolio optimisation and better pricing strategies are helping to restore profitability. The decision is expected to reassure investors, protect local jobs and sustain competition in Nigeria’s fast‑moving consumer goods market, which has been under pressure from inflation and currency depreciation.
Source: Punch Newspapers – 12 Dec 2025
2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12
