Naira devaluation: CFOs seek local sourcing, exports to mitigate FX losses
While Nigerian companies are grappling with the impact of Naira’s devaluation on their bottom lines, chief financial officers (CFOs) have...
While Nigerian companies are grappling with the impact of Naira’s devaluation on their bottom lines, chief financial officers (CFOs) have...
Seventeen firms in Nigeria recorded a marginal rise in shareholder’s funds as foreign exchange losses caused by naira devaluation dampened...
Nestle Nigeria Plc, a food manufacturing and marketing company, has reported its first after-tax loss for the first time in...
MTN Nigeria Communications Plc reported a loss after tax of N137 billion due to foreign exchange loss in 2023. This...
Nestlé Nigeria Plc has released its full-year financial results for 2023. Revenue increased by over N100 billion, reaching N547 billion...
The Nigerian economy grew at the slowest pace in three years in 2023, official data released on Thursday show, largely...
The freefall of naira, one of the world’s worst-performing currencies last year, has sparked a bloodbath among multinational companies operating...
The weakening of local currencies in eight countries, particularly Nigeria, weakened Jumia’s total sales value by $182.7 million year-on-year in...
It’s boom times for Nigerian cocoa farmers and exporters as global cocoa prices have hit a record high, even as...
Jude Idimogu is a chieftain of the All Progressives Congress (APC) and former lawmaker, representing Oshodi/Isolo Constituency 2 in the...