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N22bn FX loss cuts Lafarge Africa’s profit by two-thirds in Q1

    N22bn FX loss cuts Lafarge Africa’s profit by two-thirds in Q1

The net foreign exchange (FX) losses of N21.8 billion consumed much of Lafarge Africa’s operating profit in the first quarter (Q1) and left the bottom line down by close to

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Guinness Nigeria building biggest loss in years, closes Q3 with N61.7bn loss

    Guinness Nigeria building biggest loss in years, closes Q3 with N61.7bn loss

Guinness Nigeria Plc is building the biggest loss in many years of trading in the current financial year ending June with net loss already towering at N61.7 billion at the

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How Access Holdings built N26.7trn balance sheet in 2023 — biggest expansion in years

    How Access Holdings built N26.7trn balance sheet in 2023 — biggest expansion in years

Access Holdings Plc took a big advantage of its aggressive offshore expansion to build a balance sheet of N26.7 trillion in 2023 — the biggest asset expansion the bank holding

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N195bn FX loss wipes off Nestlé Nigeria’s capital base — first in years

    N195bn FX loss wipes off Nestlé Nigeria’s capital base — first in years

Nestlé Nigeria Plc rolled in a net loss of N79 billion from the 2023 operations, as huge net foreign exchange (FX) losses of N195 billion wiped off the company’s capital

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MRS Oil misses mark on revenue but beats full-year profit target at N4.9bn

    MRS Oil misses mark on revenue but beats full-year profit target at N4.9bn

MRS Oil’s final quarter sales revenue is far off the high mark set for the quarter but the bottom line

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FX gains, investment income spur Julius Berger to N12.7bn profit in 2023

    FX gains, investment income spur Julius Berger to N12.7bn profit in 2023

Julius Berger Nigeria Plc rode on the back of huge foreign exchange (FX) gains and much-enhanced investment income to avert

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Nigerian Breweries records N106bn loss, equity shrinks to lowest in years

    Nigerian Breweries records N106bn loss, equity shrinks to lowest in years

Nigerian Breweries Plc travelled on the path of losses all the way from the first to the final quarters in

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FBN Holdings’ foreign exchange losses swell to N350bn at full-year

    FBN Holdings’ foreign exchange losses swell to N350bn at full-year

FBN Holdings Plc moved against the trend of monumental foreign exchange (FX) gains, particularly among banking majors with substantial offshore

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FCMB overshoots full-year profit target on N84bn foreign exchange gains

    FCMB overshoots full-year profit target on N84bn foreign exchange gains

FCMB Group Plc overshot its 2023 full-year profit target with a better-than-expected final quarter that swelled foreign exchange (FX) gains

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Flour Mills stays deep in the red, as FX loss multiplies to N51bn at H1

    Flour Mills stays deep in the red, as FX loss multiplies to N51bn at H1

Flour Mills of Nigeria Plc saw its huge foreign exchange (FX) loss of N22.5 billion in the first quarter (Q1)

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