Diageo Nigeria Unable to Refinance Loan on Dollar Shortage
- Company looks to curb 23 billion naira debt, prune costs
- Plans to give priority to stout and spirit brands in 2020
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Diageo Plc’s Nigeria unit said it’s struggling to refinance a foreign-currency loan and trim costs following a shortage of dollars in Africa’s largest economy.