forex challenges
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Nigeria Naira Devaluation Blamed as Dangote Sugar Faces ₦172 Billion Forex Losses in 2023
Dangote Sugar Refinery Plc faces financial headwinds as it reports a substantial loss before tax amounting to N108.92 billion in its 2023 annual report. The staggering foreign exchange losses of N172.198 billion, attributed to the devaluation of the naira, lead to a 53% depletion of...- Nigeria News
- Article
- 1 min read
- annual report dangote sugar financial loss forex challenges naira devaluation
- Category: Business
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Nigeria Exit Fears: Nestle Nigeria's Financial Woes Spark Worries Among Investors
Nestle Nigeria Plc has encountered a significant financial setback, reporting a loss before tax of N104 billion for the fiscal year 2023, a stark contrast to the N71 billion profit recorded during the same period in 2022. The company's 2023 financial statement, disclosed on the NGX on February...- Nigeria News
- Article
- 2 min read
- financial loss forex challenges nestle nigeria nestle nigerias financial woes ngx report shareholder funds
- Category: Business
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