foreign exchange losses

International Breweries Plc hit a major milestone in 2025 by recording its first profit in years, just shy of N51 billion. Despite this achievement, the company remains a few years away from paying dividends. In 2024, shareholders poured…

The Nigeria Sovereign Investment Authority (NSIA) had an unusual year in 2025, with profits dropping significantly by 91.5 per cent even though its core earnings showed clear signs of improvement. Profit after tax dropped sharply to ₦161.1…

PZ Cussons Plc has struggled through two years of exchange losses to rebound to an after-tax profit of N10 billion in 2025; however, the company is locked in negative equity, impaired by over N17 billion losses. Destabilised by the…

Nigeria's three major cement firms cumulatively recorded N5.153 trillion in revenue in 2024, but the surge in operational costs to N4.494 trillion, driven by macroeconomic pressures kept their profits at N659 billion. Dangote…

Lafarge Africa Plc ended foreign exchange losses in its 2024 operations, and powered profit delivery of over N100 billion in the year, marking a distant profit height attained after suffering a decline to N51 billion in 2023. Net foreign…

BUA Foods Plc built an after-tax profit of N201 billion at the end of the third quarter, surviving mounting foreign exchange losses, rising finance expenses and production costs. The company’s high-profit delivery remains on track for the…

The capital base of giant breweries, Guinness Nigeria Plc has sunk to a negative of over N10 billion following a loss of over N12 billion from its first quarter operations which recorded an enlarged retained deficit that consumed its equity…

Net foreign exchange losses hit a new quarterly high of over N656 billion for MTN Nigeria Communications Plc, driving the bottom line deeper into the red and, boring a hole in the balance sheet, about 11 times the sunk equity depth at the…