As of December 31, 2023, the company was engaged in several litigation “in the normal course of business.”
The jobs were expected to go over the next two years.
This week, French supermarket Carrefour warned shoppers of “shrinkflation”, a development where packet contents are getting smaller.
Mr Bosek said they seek compensation for over 120,000 families and would leave the matter with the court to decide the amount.
The market negative performance was driven by price depreciation in stocks like BUA Foods, MTNN, Unilever, Fidson Healthcare and United Capital.
The Nigerian government says companies like Dangote, BUA, and Lafarge will not pay tax for constructing roads across the country.
“We expect negative sentiments to dominate the equities market as knee-jerk reactions to the federal government’s decision.”
