Eight Companies Report N918.1 Billion Loss Due to Currency Revaluation

Eight major companies in Nigeria have collectively declared a loss of N918.1 billion as a result of currency revaluation, triggered by a 68.55 percent depreciation in the value of the naira against the US dollar by the end of September 2023. The Central Bank of Nigeria’s decision to let the market determine the value of … Continue reading Eight Companies Report N918.1 Billion Loss Due to Currency Revaluation