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FMCGs’ half-year profits plummet by 27.8 percent

    FMCGs’ half-year profits plummet by 27.8 percent

Listed fast moving consumer goods (FMCG) companies suffered a 27.89 percent decline in profit in the first half of the year. The sharp drop in bottom line rode on the

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FULL LIST: EU airlines denied approval as Nigeria readies for int’l travel

    FULL LIST: EU airlines denied approval as Nigeria readies for int’l travel

Hadi Sirika, the minister of aviation, announced on Thursday that 10 airlines did not receive approval to operate in the country ahead of the resumption of international flights. According to

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Air France, Lufthansa, KLM… PTF bars 10 airlines ahead of int’l flight resumption

    Air France, Lufthansa, KLM… PTF bars 10 airlines ahead of int’l flight resumption

The presidential task force on COVID-19 (PTF) has announced that 10 airlines will not be allowed to operate in the Nigerian airspace when international flight resume on September 5. Hadi

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‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

    ‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with exchanging the naira at N386 to the dollar is not enough to

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Speculators should prepare for losses, CBN reacts as naira trades at N420/$

    Speculators should prepare for losses, CBN reacts as naira trades at N420/$

The naira continued its rally against the dollar at the parallel market section of the foreign exchange market. Bureau de

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Report: Okonjo-Iweala takes American citizenship

    Report: Okonjo-Iweala takes American citizenship

Ngozi Okonjo-Iweala, a two-time minister of finance in Nigeria, has taken American citizenship — more than 30 years after she

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FEC approves $3.1bn customs automation concession project

    FEC approves $3.1bn customs automation concession project

The federal executive council (FEC) has approved the concession of the automation project of the Nigeria Customs Service. Zainab Ahmed

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NNPC raises petrol price from N138 to N151 per litre

    NNPC raises petrol price from N138 to N151 per litre

The Petroleum Products Marketing Company (PPMC) has increased the ex-depot price of petrol from N138.62 to N151.56 per litre.  The

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NBS: Nigeria imported almost double its exports in Q2

    NBS: Nigeria imported almost double its exports in Q2

Nigeria’s trade deficit ballooned by 92 percent between the first and second quarter of 2020 on the back of increased

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UBA’s half-year gross earnings ‘up by 2 percent’

    UBA’s half-year gross earnings ‘up by 2 percent’

Tier-1 lender, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June

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