forex crisis

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    MULTINATIONALS REEVALUATE NIGERIAN PRESENCE AMIDST DOLLAR SHORTAGE AND CURRENCY CHALLENGES

    MULTINATIONALS REEVALUATE NIGERIAN PRESENCE AMIDST DOLLAR SHORTAGE AND CURRENCY CHALLENGES Summary Breakdown: Economic Conditions Prompt Exit: Multinational corporations are downsizing their Nigerian operations due to severe foreign exchange (FX) shortages and a significant naira devaluation...
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    ETERNA BLAMES N9BN LOSS ON FOREX CRISIS

    Key Takeaways: - Forex Crisis Impact: Eterna Plc's Chairman, Gabriel Ogbechie, revealed that the company incurred a N9.4 billion loss due to the foreign exchange crisis in 2023. - Operating Profit Increase: Despite the loss, Eterna reported an operating profit of N7.8 billion, marking a 143%...
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