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Nigeria’s biggest firms face naira devaluation crunch

Nigeria’s biggest firms are walking a tightrope as a surge in foreign exchange losses has squeezed profit margins for a sector looking to recover from the economic effect of the Russia/ Ukraine war. About two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates, the apex bank decided to float the
read more Nigeria’s biggest firms face naira devaluation crunchBusinessday NGRead More

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