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BUSINESS NEWS
Business and Economic News from Nigeria
The parent company of Guinness Nigeria Plc, Diageo Plc, disclosed that its operating profit declined by 8.3%.
The Nigeria Customs Service has seized endangered specie-Pangolin scales bound for Vietnam.
The company passed 1.65 billion total installed devices worldwide in the quarter, with the installed base of iPhone topping 1 billion.
The exchange rate at the black market where forex traded unofficially appreciated at N478/$1.
Ripple announced it powered around 3 million transactions while opening its services to 18 new countries and signing 15 new deals.
FG has announced that 100,000 business names have been registered for free under the CAC scheme.
The MPC urged the CBN to increase its lending to the government as it believes it will help reflate the economy from its recession.
Julius Berger Plc recorded a boost in two of its three revenue-generating units, as total revenue increased in Q4 2020.
VAT revenue grew by 29.3% compared to N1.18 trillion recorded in 2019 as professional services sector tops with N162.3 billion remittance
Microsoft disclosed Azure revenue grew 50% as more businesses integrated into the cloud.
IOCs claim deepwater provisions in PIB will deter investments in the Sector.
The CBN has disbursed a total of N106.96 billion to 27,956 beneficiaries of AGSMEIS.