Browsing: Foreign exchange

Nigeria's second-biggest telecom company, Airtel Africa Plc, has revealed a $89m post-tax loss for the full year ending in March 2024, blaming a substantial $549m foreign exchange loss. The company said in its report released on Thursday that the loss was caused by the devaluations of the Nigerian naira in […]

The Central Bank of Nigeria has given a directive to all banks to strictly comply with recent foreign exchange policy reforms. In a letter signed by the Acting Director, Banking Supervision, Dr. Adetona Adedeji, on Thursday, the CBN stressed the need for careful financial management and risk reduction. […]