forex losses

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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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    Cadbury Nigeria Plc Suffers N20.9 Billion Exchange Rate Loss

    In the second quarter of 2023, Cadbury Nigeria Plc experienced a considerable setback, reporting a loss before tax of N17.9 billion. This is in stark contrast to the N800 million profit recorded during the same period in 2022. The primary cause of this substantial loss was the N20.9 billion...
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