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Nairaland Forum / Nairaland / General / Business / Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation (8648 Views)
Eight Banks Lose N1.9bn To Fraud In One Year / Charles Chuck Feeney Fulfills Dream To Die Poor, Gives ₦3.48 Trillion To Charity / Brand Africa 100: Dangote, MTN Are The Most Admired African Brands. (2) (3) (4)
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by 89green: 7:50am On Mar 21 |
crossfm: don't mind them, the only defense they have whenever you try to school them is 'go to court' But their supporters now buy 1L petrol for 100 naira and 25kg bag of rice for N350. 2 Likes |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by SirLakes: 7:52am On Mar 21 |
Me sef lose 300 billion Tinubu you do this one |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Oshokhai69: 7:54am On Mar 21 |
Yugoslavia247: This one say na wife president. Na wa |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by deanoffaculty: 8:02am On Mar 21 |
Great100000:Bleep Dangote! Bleep MTN..Bleep others. They have made enough money in this country. Now that they lose money, let them bear it. All these companies doesn't give anything back to Nigerians despite huge profits they make. |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by PropertyBuying(f): 8:06am On Mar 21 |
Here's the negative trickle down effect of a degenerative currency. |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by ceejay80s(m): 8:07am On Mar 21 |
Tinubu master strategist my aaasss |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by uuzba(m): 8:11am On Mar 21 |
deanoffaculty:Ah-ah? But MTN painted this fence in Police Baracks Falomo. They tried na!? 1 Like
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Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Angelfrost(m): 8:14am On Mar 21 |
They will recover them all through the blood and tears of Nigerians...! |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Angelfrost(m): 8:16am On Mar 21 |
uuzba: Really?!! They painted fence abi advertised their services?!! 1 Like |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Och77(m): 8:29am On Mar 21 |
Una dey kolo o, do you know how we citizens have lost due to the same Naira depreciation? Compute it first make we know |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Lance008(m): 8:34am On Mar 21 |
id4sho:Never hail am Till he enter 700- $ |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by deanoffaculty: 8:41am On Mar 21 |
uuzba:😂 😂 😂 1 Like
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Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by PARADIZEPRIEST: 8:46am On Mar 21 |
Rubbsh old news.When they make trillions of profit riping Nigerians off for 8years buha misrule,them no go talk o! |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Apel147(m): 8:53am On Mar 21 |
Some persons somewhere down naija believe FG dash dangote monies to establish at the expense of their brothers😁 same govt policy is crippling whom they say govt gave money according to them🤣🤣🤣 |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by gigabyte13: 8:54am On Mar 21 |
They deserved it They follow for the depreciation All of them go follow chop inside... As una no wan give Nigeria rest, unasef no go no rest. Una mind no go touch ground sef |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by gaskiyamagana: 9:06am On Mar 21 |
Yugoslavia247:Small boy, go read or just google WARS IN THE BIBLE, then you will be educated before typing jargons. |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by gaskiyamagana: 9:08am On Mar 21 |
Noniblaq:Big problem they created that they are suffering for? |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Aleem26(m): 9:22am On Mar 21 |
Who the lose EPP |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by eeithis(m): 9:34am On Mar 21 |
The financial losses incurred by these major Nigerian companies in the 2023 financial year highlight the significant impact of forex-related challenges on their operations. Forex losses, especially due to fluctuations in the exchange rates of the naira against major currencies like the US dollar and euro, have led to substantial financial setbacks for these firms. The reported losses reflect the vulnerability of Nigerian businesses to currency risks, especially those with international operations or significant foreign currency exposures. Companies like Dangote Industries, BUA, Nigerian Breweries, Nestle Nigeria, and Cadbury Nigeria have all felt the effects of forex volatility on their bottom lines. To mitigate such risks, companies often employ various strategies, such as hedging or managing currency exposure through proactive measures like purchasing foreign currencies when rates are favorable. However, despite these efforts, the scale of the losses incurred underscores the challenges inherent in navigating volatile currency markets. This situation emphasizes the importance for businesses to adopt robust risk management strategies and closely monitor currency exposures to mitigate the impact of forex fluctuations on their financial performance. Additionally, it underscores the need for policymakers to implement measures that promote currency stability and create a conducive environment for businesses to thrive amidst forex uncertainties!! |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by komzy589(m): 11:56am On Mar 21 |
datola:Gain what exactly? If you were making 200k in May 2023, then you made 80k in February 2024 and now 83k in March 2024, will you celebrate that gain! |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Antoeni(m): 2:07pm On Mar 21 |
May God Continue to Punish Dangote & Co |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by MamaletASO: 11:11pm On Mar 21 |
Fvck you this corrupt capitalist... Is dat why you increased Cement you make with dust at our backyard by 900% ... You are a wicked entity... Now u have made the money back in 100folds...can you reduce the Cement price now...so d poor can breathe... Fvck u all
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