Nestle Nigeria

Business

Devaluation: Dangote, Nestle Nigeria, Others Battle N517bn Forex Loss in HY-2023

Sam Diala, THEWILL -
Ten major manufacturing firms in Nigeria, mainly in the consumer goods group, reported a total of N517.1 billion in non-recovery, net foreign exchange losses in the first half of the year (HY 2023), arising from the devaluation of the...
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BusinessOgochukwu Onwaeze, THEWILL -

FG Raises N1.23tn in Fresh Push to Clear Verified GenCo Debt 

The Federal Government has raised N1.23tn through two bond issuances under its Presidential Power Sector Debt Reduction Programme as it moves to settle verified legacy obligations owed to electricity Generation Companies (GenCos).
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