FX losses impact earnings of cement makers, telcos

Nigeria’s cement manufacturers recorded a mixed bag of full-year 2023 earnings as foreign exchange losses and higher net interest income eroded profit margins. Meanwhile, in the telecom space, MTN Nigeria net foreign exchange loss rose to 740.4 billion naira last year. Ekene Oyeka, Securities Trader at Norrenberger, joins CNBC Africa to unpack the financial highlights of BUA, Lafarge and Dangote Cement.
Mon, 04 Mar 2024 14:08:02 GMT