Tag: consumer

Business

Suppliers bypass wholesalers as consumer spending drops

Plummeting consumer spending has lingered for a long time now, and is telling on suppliers in the business chain. For years, the flow of goods followed a sacred, unspoken rhythm: manufacturers made, suppliers transported, wholesalers warehoused, and retailers sold. But, as consumer spending plummets, that rhythm didn’t just skip a beat, it stopped entirely. A […]

Access Holdings stocks recover after leadership transition
Business

CBN permits Access Holdings to create consumer lending subsidiary

Access Bank’s parent group, Access Holdings Plc, has acquired CBN approval in principle to establish its consumer lending subsidiary, Oxygen X Finance Company Limited. The Times reported that this is according to a business statement on the NGX website. The statement claimed that the company would begin operations once final approval is secured from the CBN. […]

How inflation, forex crisis may affect consumer goods industry - Report
Business

How inflation, forex crisis may affect consumer goods industry – Report

Persistent inflation and currency issues are expected to have an impact on the fourth-quarter financial results of enterprises operating in the consumer products sector of the economy in 2023. According to The PUNCH, this was announced in Meristem Securities Limited’s Consumer Goods Sector Update for December 2023. According to the research, foreign exchange losses for […]