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Nigerian Breweries’ profit dips by 58%, lowest in 7 years amid Covid-19

Nigeria’s largest brewery by market value, Nigerian Breweries, has recorded its lowest net profit in 7 years since H1 2014 amidst the Covid-19 pandemic which slowed sales of its key products. It would seem however that the company is also reeling from the lengthy decline in consumer purchasing power that started in 2015. The company…

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