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Champion Breweries’ annual revenue declines by 74%
Champion Breweries Plc, a Nigerian brewing company, saw its profit plummet by 73.6 percent last year, according to the company's most recent financial statement.
The...
Dangote claims that lower diesel prices will lower inflation in Nigeria
Aliko Dangote, head of the Dangote Group, stated yesterday that his refinery's sale of diesel at reduced prices would help to alleviate Nigeria's inflation...
Benchmark import exchange rate falls to N1,238.179/$
The exchange rate used by the Nigeria Customs Service to determine import tariffs has been revised to N1,238.179/$, higher than the rate used by...
Nigerian Companies Raises $160 million amid Q1 Funding Scarcity
Nigerian startups garnered $160 million in capital in the first three months of this year, despite a slowdown in fundraising throughout the continent, according...
Why Retained Earnings are not Included in Bank Recapitalization Process – CBN
The Central Bank of Nigeria's (CBN) Director of Financial Policy & Regulatory Department, Haruna B. Mustafa, has given explanations for why bank retained earnings...
