Heineken shuts two plants in Nigeria as forex costs bite

Heineken NV’s Nigerian unit temporarily shut two factories in the West African nation, plagued by the depreciation of the currency that increased costs and impaired the purchasing power of consumers. 

Nigerian Breweries has nine plants in Africa’s most-populous nation and has invited unions to discuss the impact of the proposed measure on workers, including "providing strong support and severance packages to all affected", the company said in a filing.