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UBA records N77.1b profit

The United Bank for Africa (UBA) Plc has reported a drop of 6 percent Year-on-Year in its recently released unaudited consolidated financial statement for the nine months ended September 2020. The result shows a Profit after Tax (PAT) of…

FG to slash levy on imported cars to 5%

The Federal Government plans to slash levy on imported cars from 35 percent to five percent. Vehicles imported into Nigeria attract 35 per cent import duty and another 35 per cent levy, bringing the tariff on such vehicles to 70 per…