Shareholders of some multinational companies in Nigeria are bracing for another year of zero dividends following foreign-exchange induced financial losses analysts say could take years to fix.

Accumulated losses of multinational companies listed on the Nigerian Exchange (NGX) surged to N819 billion at the end of 2024, a sharp rise from N247.5 billion the year before. This marks an additional N571.5 billion in losses within the year, and with some firms yet to release their full-year results, the final figure could