PZ Cussons Highlights Nigeria's Significance As Naira Devaluation Eats Into Profits
PZ Cussons Highlights Nigeria's Significance As Naira Devaluation Eats Into Profits
Arise Business Correspondent Rotus Oddiri discussed the Q3 Trading Update from UK Consumer Goods Firm PZ Cussons as it discussed its financial performance across its geographical footprint
Arise Business Correspondent Rotus Oddiri discussed the Q3 Trading Update from UK Consumer Goods Firm PZ Cussons as it discussed its financial performance…
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Rotus need to go back to school he knows nothing about economics and international business. If he is looking for an appointment he should go and lobby instead of making a fool of himself on national television
Good luck to PZ, my family will miss them, my traded with them till he retired from business.
We need our own home grown companies
let them leave and see if they can do better somewhere else i do not think so thnk so ..its about time nigerians and africans start more internal shops and industry BUT legally,honesty and no corruption bribery then you will prosper..have electricity better and clean up dirty environment stop throwing rubbish every where which helps reduce diseases..create more jobs
Why is PZ wailing after LOOTING the country for over 100 years through inflated prices of so called imported raw materials
The company is finding itself totally uncompetitive in their production cost especially now that they have to compete with smaller more nimble producers that outperform them.
They cannot loot like they are doing before so groaning.
I tell you that if they get out of Nigeria that will be the beginning of the death of PZ as a whole.
Good riddance to bad rubbish and perpetual looting.
Welldone rufai!
dey bounce dey shake head like agama lizard wey see barbecued agbado for ground to chop!
dis ratus is senseless!
always carryin agbado in his pocket!
Let them all leave, indigenous companies will rise and take there place. We don't need foreign companies whose interests is to repatriate money from the economy. If PZ were to be indigenous would they be worried about repatriation in dollars. Those are the company putting pressure on the country. How many Nigerians company is In the UK or US repatriating money from those country to pay shareholders in Nigeria or in Africa.
This Rotus guy is so eager to give some undeserved credit to this government and their trial and error handling of the economy
I think these companies will suffer because the people's purchasing power now is at its lowest.
My Concern is if Pz is leaving Nigeria what happens to the employees of this company
Rufai; PZ Cussons depressing business in Nigeria is not only because of the macro environment but as Rotus said, there is increased competition from indigenous players and other foreign companies from Asia from example who have more relevant offerings
Rufia rufia, you don't want to have enemy like Rufia, stubborn enemy, alway bad energy.
Rotus, these are aggressive interventions with no sound economic base. We will be here again
This rotus doesn't know anything he always wants to defend tinubu because maybe he as collected money from tinubu
Oseni Rufia is the best journalist but the other guy doesn't not know anything just beating around the bush
Rufai you know nothing about Economic fundamentals, and how to read and analyse financial reports.
Oga the manual table side Africa not a nigeria wonder the type of school this mumu journalist go oo
Once an organisation starts hiking price every Eke market, it is only postponing its eventual "demise"/shutting down of operation. Just like PZ has seen and based on this their report, Multichoice(that recently announced an increment of subscription prices) finally pull out when they realise that whatever issue they're having in Nigeria is bigger than hiking of price
Repatriation of huge fund could also be divestment, yes this market is key in the African continent but how attractive is it.
Thank you guys, Dr Abati and Rufai should be Economists! You guys just nailed it with analysis and the solutions. Good job! From Germany
When will Rotus stop doing window dressing for this government, pertaining the present abysmal economic situation in the country 🙄?