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
Tag "FX losses"
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
The Central Bank of Nigeria (CBN) has released new measures for financial institutions to manage foreign exchange (FX) risks, directing banks to sell dollars to prevent losses. The guidelines, published
MTN Nigeria Plc piled up additional unrealised foreign exchange (FX) loss of N101.4 billion in the third quarter (Q3), which crashed the profit for the quarter from N87.4 billion in
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