http://www.ChannelAfrica.org Economic News Wed, 17 Sep 2008 22:00:00 GMT 2008-09-17T22:00:00Z <p>Economic News</p> <p>Cadbury Nigeria posts 9-month pretax loss</p> <p>The Nigerian unit of British confectioner Cadbury posted a 29 percent wider pretax loss of 1.27 billion naira for the nine months to the end of September.<br> Turnover rose to 18.93 billion naira from 17.54 billion last year, the company said in a filing to the Nigerian Stock Exchange on Friday.<br> The debt-laden company last month concluded a 22.2 billion naira rights issues to boost its capital base and reduce its interest costs.<br> It said its short-term borrowings stood at 15.29 billion naira, while trade credit peaked at 1.96 billion naira in the period.</p>