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FMCGs’ slump raises red flag 5 months to AfCFTA

…as border closure not translating to gains

Fast-Moving Consumer Goods (FMCGs) firms operating in Nigeria are struggling to stay afloat in the face of the African Continental Free Trade Area (AfCFTA) which commences five months from now. The slump raises a red flag on the competitiveness of Nigerian companies whose readiness will be tested by top-notch firms across the continent. Manufacturers’ margins…

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