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Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low

Stellantis CEO Antonio Filosa on Wednesday reconfirmed the company's 2026 guidance and its plans to be cash-flow positive by 2027.

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Manufacturers or money managers? Consumer goods firms hold N587 billion cash in 2026

Nigeria’s consumer goods companies make products that fill kitchen shelves, dining tables and refrigerators. But for some, keeping money in the bank has also become an important source of earnings.

  • Nigerian consumer goods firms held N587 billion in cash at year-end 2026.
  • Interest income rose 36.5% to N31.08 billion in 2026's first half.
  • Top five companies represent 84% of total cash, but rate cut may reduce returns.

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