shareholder funds
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Nigeria Naira Crisis: MTN Nigeria Records N740 Billion Forex Loss, Shareholder Funds Wiped Out
MTN Nigeria Plc has reported a staggering loss before tax of N177.8 billion, leading to the complete wipe-out of shareholders' funds. The telecom giant attributes this unprecedented loss to a massive foreign currency loss of N740 billion, citing operational changes in the Nigerian foreign...- Nigeria News
- Article
- 1 min read
- forex losses mtn nigeria naira crisis shareholder funds telecom industry
- 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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