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The Central Bank of Nigeria (CBN) has denied a social media story stating that it will soon introduce a policy that will make the dollar at par with the naira soon.
UFlex has announced its financial results for the first quarter ended 30 June 2023. The company posted consolidated revenue of Rs 3,278-crore. The Company’s Earnings before interest, depreciation & amortization, currency devaluation/fluctuation gain/loss, and tax (EBITDA) for this quarter stands at INR 304 crores. The consolidated revenue registered a decrease of 19% YoY, while the sales volume decreased by 7.5% YoY.
The company said it recorded an exceptional loss of Rs 382 crore due to change in the forex policy of the Central Bank of Nigeria in June 2023 which impacted its bottomline.
410501 We have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Gabriel India...
Emefiele Solidarity Vanguard (ESV) is canvassing the support of the leaders of All Progressives Congress (APC) to enable the Governor of the Central Bank (CBN) Dr Godwin Emefiele to succeed President Muhammadu Buhari in 2023. Members of the group in their hundreds dressed in branded t-shirts attributed President Buhari’s success to the fiscal policy of […]