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Nigerian Naira

  • CAB Payments attempts to move on from challenging year despite lack of ‘tailwinds’ from Nigerian Naira

    Fintech

    CAB Payments reported a “resilient” performance in the first half of the financial year as it attempts to move on from a difficult year. In a trading update covering the six months to June, the payments firm reported that gross income was down 22 per cent on last year, falling to £56m from £72m previously. [...]

  • PZ Cussons: Carex maker backs outlook despite surge in Nigerian currency

    RETAIL

    British health and beauty manufacturer PZ Cussons said its on track to deliver a revenue of more than £520m despite the decline in the value of the Nigerian Naira, which it said has had a “significant” impact on its trading.

  • PZ Cussons: Shares jump after company announces restructuring

    Retail

    Shares in PZ Cussons rose over five per cent in early trade after it announced plans to offload its fake tan brand St Tropez and review its operations in Africa. 

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