The dollar debts of 15 listed Nigerian companies have surged to approximately N3.76 trillion as of December 2023, according to The PUNCH’s analysis of their annual reports filed with the Nigerian Exchange Limited. This marks a 109.74% increase from the N1.79 trillion recorded in 2022, driven by the depreciation of the naira. In dollar terms, … Continue reading Naira Devaluation Drives Listed Firms’ Forex Debt Close to N4tn