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Nairaland Forum / Nairaland / General / Business / Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation (8646 Views)
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Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Great100000: 7:37am On Mar 21 |
Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023.Source: https://punchng.com/dangote-mtn-others-lose-n1-7tn-to-naira-depreciation/ 6 Likes 1 Share
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Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Yugoslavia247(m): 7:41am On Mar 21 |
The president wife said we should produce our food. Prior to ApC we were doing fine APC wanted power and the current vp brought boko Haram and bandit Now bandit and boko Haram have grown and chase our farmers out Now they blame farmers who pay taxes while others are killed. The bandits are head slammers and they always pray in their video. Sometimes I wonder the benefit of being a head slammer They read a book filled with rage, hatred, killings, subjugation, conquest , slavery, woman caging and objectification. Worst still they never want to adapt to any sane society. Now we have to find a way in the south to be self sufficient. If not there is problem I rest my case 35 Likes |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by crossfm: 7:42am On Mar 21 |
Hehehe. The break fast go round . The only people not feeling the heat is APC and their supporters. They are so comfortable with the way things are going in Nigeria . Even the ones that can barely buy data for their phones,will still come on line to defend the propaganda and hash economic policies of the government. Most just do these defending out of shame. Well one thing I know is that hunger is a universal language . 15 Likes 2 Shares |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Noniblaq(m): 7:42am On Mar 21 |
Big men, big problem 7 Likes |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by epainos: 7:42am On Mar 21 |
If many companies are running away from Nigeria because of these crises, but some still thrive in it....hmmm. There is a high possibility of unfair play in the Nigerian business environment. Imagine the president called a group of people on how to rescue Nigeria recently, and you think these men are not after themselves first. Lol. While I am not against anyone in particular, all I want is fair play. Naira devaluation crisis, naira scarcity, and many other issues, yet, some favoured companies have not shown any sign of being hit seriously. It means that if they don't lose money to forex issues, they are over-profiting. Na waooo! Where is the fair play? 3 Likes |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by slaawomirr: 7:42am On Mar 21 |
Damnnn niggar I love it when emty hen lose 2 Likes 3 Shares |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by id4sho(m): 7:43am On Mar 21 |
BATnomics 101 |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by stjudas(m): 7:43am On Mar 21 |
Amoda, the slayer of business and wealth 😂 10 Likes |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Asonaijaaso: 7:43am On Mar 21 |
Still the richest person selling his products to third world country without exporting to a dollar economy. Comes with the territory. 1 Like |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by MrSundry: 7:43am On Mar 21 |
The irony is that, their losses were the gains of the banks. That's why banks made massive profit last year and CBN had to instruct them not to use profit from FX gain to pay dividends. It's a zero sum game in total - no winner or loser in the real sense. It's just taking from Peter to pay Paul. 9 Likes |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by ClimaxHerbalixt(m): 7:44am On Mar 21 |
Ok |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Yankee101: 7:44am On Mar 21 |
Story They’ll start looking for a way to throw away local shareholders I hope the SEC denies them like they did PZ |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Goodlady(f): 7:44am On Mar 21 |
Lambadowski! Adontbilivit! Meanwhile, prices of things suppose dey go down now o! Especially food n clothing items. I wan buy one N70K wig in January thinking I dcsave for some weeks to get it only to hear it's now N95K. Shey make I dey barb hair like man ni? Daughter of Zion no fit do fashion in peace? Make Una dey reduce wig prices o, hair vendors in Abuja. No be all ladies dey ride politicians o, my toto is precious. If not for family support, many go don turn to escort & hook up for tinder. Country hard like this man's face! 2 Likes
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Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by alfredo4u(m): 7:44am On Mar 21 |
I could remember those days when dollar is 400..….. APC member and those that voted them, thunder fire all of una.... Nigeria is a shadow of itself now..... 8 Likes |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by dfrost: 7:44am On Mar 21 |
That's massive. |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by SafariHunter(m): 7:45am On Mar 21 |
As Expected |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Miracle112(m): 7:46am On Mar 21 |
[kk |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Jestin: 7:47am On Mar 21 |
They don’t come online to inform the public about their excessive gains 3 Likes 1 Share |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Zidoh(m): 7:47am On Mar 21 |
Hmmm these whole have really affected lots of business and have helped lots of businesses. The big plays who import ahead gained and lossed All in all let the Naira breath and let's the country grow. The store of value in dollars is killing our economy. |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by BewareOf419: 7:47am On Mar 21 |
They are lying |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Philipgarza31: 7:47am On Mar 21 |
All you people should be expecting from this government is rice and garri. Stomach infrastructure government |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Duelee: 7:47am On Mar 21 |
BewareOf419:If they said they lost 1.7 trillion dollars, they lost it. Don't you know what depreciation entails? |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Pennywise2: 7:48am On Mar 21 |
Lie. Dangote wey cbn dey cover for. Next news pls |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Judolisco(m): 7:48am On Mar 21 |
God abeg even if na 2 million give make I set my life.... All dis money wey dis people dey lose and dem no even notice... Common bank charges from access bank I go dey vex |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Lumig: 7:48am On Mar 21 |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by pocom35: 7:48am On Mar 21 |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by iLoveYouToo(m): 7:49am On Mar 21 |
Story story |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by dangotesmummy: 7:49am On Mar 21 |
Smh.The waste,greed, avarice and thoughtlessness of these politicians, their minions and the followers that enable their waste is Infuriating |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by Helpfromabove1(m): 7:49am On Mar 21 |
But the banks are making huge profits |
Re: Dangote, MTN, Others Lose N1.7 Trillion To Naira Depreciation by datola: 7:50am On Mar 21 |
Please, tell us when they also gain from appreciation of Naiara 2 Likes |
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