foreign exchange loss nigeria
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Nigeria MTN Nigeria Hits N887.6 Billion FX Loss in First Half of 2024 Amid Economic Strain
MTN Nigeria reported a staggering N887.6 billion foreign exchange loss for H1 2024, up 95.2% from the previous year. Despite a 32.6% revenue increase, the naira's devaluation and high inflation severely impacted profitability, leading to a significant loss after tax and pressure on operational...
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