Consumer Goods

In the second quarter of 2020, Dangote Sugar grew its revenue by 28% from N80.36 billion in the second quarter of 2019 to N103.23 billion in the period under review. Nascon also grew its revenue by 12% from N12.98 billion to N14.53 billion. In this period, Nigerian Breweries recorded the highest decrease in revenue (60% - from N170.19 billion to N68.65 billiion), while Champion Breweries recorded the lowest decrease in revenue (2% - from N3.45 billion to N3.37 billion). The revenue of Nestle dipped by 50%, Unilever Nigeria by 36%, Cadbury by 18%, International Breweries by 12% and McNichols by 11%.

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