New Forex policy fails to stimulate debt market window quicknews-africa.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from quicknews-africa.net Daily Mail and Mail on Sunday newspapers.
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.
Uflex posts loss of ₹416 cr in Q1 FY24 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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.