In June 2023, Nigeria’s decision to float the naira marked a historic turning point in its foreign exchange...
International Breweries Plc has reported a pre-tax profit of N35.06 billion for the first quarter ended March 31, 2025, recovering from a loss of N89.3 billion during the same period last year.
Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark contrast to the N1.29 billion pre-tax profit reported in Q1 2023.
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion for the FY 2023. This is according to a review of the 2023 full year financial statement of the major consumer goods companies.
FTN Cocoa processor in its audited financial report for 2023 recorded foreign exchange loss of N10.17 billion while recording zero revenue for the year.
Dangote Sugar Refinery Plc has reported a loss before tax of N108.92 billion compared to a pre-tax profit of N82.3 billion a year earlier.
MTN Nigeria recently released its 2023 FY results, reporting its first-ever loss of N177.8 billion, which resulted in a wipe-out of shareholders’ funds.
Dangote Cement Plc reported a profit after tax of N455.58 billion for the financial year ended December 2023, representing a 19.7% increase year-on-year.
MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion a year earlier. The losses resulted in a wipe-out of shareholders' funds.
Despite this, Lafarge Africa produced one of the better results published by a manufacturing company in Nigeria in 2023.
BUA Cement Plc reported a profit after tax of N69.45 billion for the financial year ended December 2023, representing a 31.2% decline year-on-year.
