CHI (Nigeria) News

Coca-Cola announces strategic investment in Nigerian dairy and juice company Chi Limited

Coca-Cola acquires 40% of leading Nigerian dairy and juice company Chi Limited

The Coca-Cola Company and Tropical General Investments Group (TGI Group) – the holding company of Chi Ltd, Nigeria’s leading dairy and juice company – announced on Saturday a binding agreement for The Coca-Cola Company to acquire an initial minority equity shareholding in Chi Ltd.

What’s Happening in Nigeria’s Economy? (Image credit: Bloomberg News)

What's happening in Nigeria's economy? The short answers

The Nigerian economy is being challenged by crashing oil prices despite the central bank’s best efforts to stem outflows.