Guinness Nigeria Plc incurred a whopping N49 billion in exchange rate losses according to the information contained in its full-year results for the period ending June 2023.
The loss per share declared was N8.29 kobo versus N7.15 earnings per share a year earlier.
Key highlights
Insights: The forex depreciation led the company to a loss of N18.1 billion, its first full-year loss since 2020 when Covid-19 ravaged company financials.
MTN Nigeria’s market value increased by N126 billion on May 20 as its market cap…
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest…
NASRE Media Foundation, the humanitarian arm of the Nigerian Association of Social and Resourceful…
The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has…
TRAVESTY OF JUSTICE: Netanyahu responds to 'outrageous decision' by ICC prosecutor to seek arrest warrants…
Leading financial institution -Fidelity Bank PLC -has distributed food packs to women, widows, children, and…