Lagos, Nigeria | September 9, 2025
Consumer goods giant, PZ Cussons Nigeria Plc, has bounced back to profitability, posting a remarkable ₦10 billion profit after a turbulent period of foreign exchange-induced losses.
The company, which had struggled in recent years due to naira volatility and rising operating costs, attributed its strong turnaround to relative stability in the exchange rate, which significantly reduced forex losses and improved its bottom line.
According to its latest financial results, the profit marks a growth of more than 100 percent compared to previous earnings, reflecting improved operational efficiency and stronger sales performance across its product lines.
Analysts say the company’s recovery underscores how critical exchange rate stability is for Nigeria’s manufacturing and consumer goods sector, where forex-related costs often erode profitability.
Market observers believe that if the naira maintains its current trajectory, companies like PZ Cussons could sustain profitability, strengthen shareholder confidence, and expand investment in local production.
