MTN Group has alerted its shareholders that it is anticipating a significant decline in its earnings per share (EPS) for the full year ended 31 December 2024 primarily due to forex losses recorded from Nigeria.
Nigerian Breweries Plc has posted its financial statement for the first nine months of the year, recording a 159.7% increase in its pre-tax losses compared to the same period last year.
No one is spared as some of Nigeria's largest companies with significant forex obligations took in record forex losses over the currency devaluations that occurred in 2023
