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Nigeria’s biggest beer makers record first loss in 7 years

Nigeria’s biggest beer makers posted their first combined loss in seven years in the first half of 2020, as revenues plunged. The beer makers surveyed by BusinessDay include Nigerian breweries, International Breweries, Guinness Nigeria and Champion Breweries. The four companies posted a N9.7 billion loss combined as revenues declined 14.3 percent to N320 billion in…

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