PZ Cussons to sell African subsidiaries, says it'll reduce exposure to naira fluctuations

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PZ Cussons to sell African subsidiaries, says it'll reduce exposure to naira fluctuations
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PZ Cussons Plc, the parent company of PZ Cussons Nigeria, says the company is considering the sale of its African business to reduce the company's exposure to naira fluctuations.

Olalekan FakoyejoPZ Cussons Plc, the parent company of PZ Cussons Nigeria, says the company is planning to sell its African business.

“A partial or full sale of the Group’s Africa business could materially reduce the Group’s exposure to fluctuations in the Naira exchange rate.

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