Ofunaofu:
I am not sure there's no multi-national company that didn't make losses under the first nine months of this calamitous Tinubu regime. 

Millions of Nigerians got poorer under this calamitous Tinubu regime. 

Tinubu is a plague that have inflicted this country

This is because he never sat with his proposed economic team before he was sworn in to review the advantage and disadvantage of is policies or they're not knowledgeable on the situation. If multinationals are experiencing this kind of losses how then do you bring in forgien investors

KillIgbohoN0W:


Source: Nairametrics

Nigeria will continue to happen.

Expect a drastic increase in price on all Cadbury products.

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

A kilo of cocoa is sold for how much please? If the raw material for their production has become so expensive do you now expect them to sell the end product at a reduced price?

For real?
If they making huge profits!!!

Why then are many multi nationals leaving Nigeria?

Faiththatworks:
I believe this headline about companies making losses are misleading.
These companies are making massive revenues with marginal increases in expenditure,but when it's time to declare dividend,they bring up this loss abracadabra.
This loss they are basically declaring is from their exposure to foreign debts, these companies secured foreign loans in the cause of doing their business,but now that it's time to repay, the exchange rate has now ballooned.
These companies should be more open on where their losses are coming from and stop this facade that the Nigerian Economy is in massive depression,their losses is not because the Economy is bleeding,but because of their exposure to foreign loans.
God bless Nigeria.....

JoeyNaza:
What we don't realise is that Nigeria is slowly losing the confidence of foreign investment especially in manufacturing, multiple multinationals have dumped the country in recent months and in 2023, Nigeria have a negative growth in FDI, the first time since 1995. Trade deficit was also negative in Q4 2023. The earlier we control this the better.

Please what does it mean by shareholders funds all wiped out?

Fearyourcreator:

Lolz... You still dey form ... Oga go buy food stuff dey cook na... Carrry food flask go work ... Step down with gala for afternoon, then chop your cooked food for night .. dey claim woke dey chop your future ooo... You go cry tire ... Na eatery be the standard again .. eyin elete .. no go find buka chop ... Olofo .. na una type dey brag with how much you spend yearly on house wey una rent ... Okada man don build house ... Lolzzz... Dey claim woke ooo .. aiye e abaje laslas .. you dey chop for eatery , you come here dey make noise ... Who send your papa go eatery... Eleribu

You typed a salient but true fact o!

kettykin:
Most of the multinational companies aside banks and oil companies operating in Nigeria made mouth gaping losses .
I foresaw all this sometime last year and made a thread that Lagos was gone and I was called names .

Lagos eateries are barely making any progress

Look at this fool, the loss to foreign exchange can be recovered overtime. Most of the losses are due to devaluation of currency which has been tamed already.

seborrhic:

You typed a salient but true fact o!

Sometimes one have to over look somethings and be true to oneself... Person wey no go school go build house learned to rent am ... Very funny ... was born and brought up in surulere .. but left since 2008 ... I laugh a lot when people claim yeye levels especially online ... If one is spending too much eating , is a crime to start cooking to save more ... Na Wetin cause wahala ooo...

kettykin:
Most of the multinational companies aside banks and oil companies operating in Nigeria made mouth gaping losses .
I foresaw all this sometime last year and made a thread that Lagos was gone and I was called names .

Lagos eateries are barely making any progress

lagos? When the major cause is our weak currency against dollars.

How much betking and sportybet loss, I wan check something..

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

You don't understand how business work especially those that depend on FX

Oghene86:


This is because he never sat with his proposed economic team before he was sworn in to review the advantage and disadvantage of is policies or they're not knowledgeable on the situation. If multinationals are experiencing this kind of losses how then do you bring in forgien investors

Most of APC supporters are online trolls. They don't have the capacity for critical unbiased thinking.

humility33:


Please what does it mean by shareholders funds all wiped out?

When the company's loss is greater than the value of the company's stock held by investors.

kettykin:
Most of the multinational companies aside banks and oil companies operating in Nigeria made mouth gaping losses .
I foresaw all this sometime last year and made a thread that Lagos was gone and I was called names .

Lagos eateries are barely making any progress

Tinubu government hass favoured them and their families.

That account needs a second look to ensure the company is not trying to escape tax... it is hard to believe that the company can land in such a huge loss.

kettykin:
Most of the multinational companies aside banks and oil companies operating in Nigeria made mouth gaping losses .
I foresaw all this sometime last year and made a thread that Lagos was gone and I was called names .

Lagos eateries are barely making any progress

Things becomes too expensive and consumers stopped buying or reduced quantity of purchase, this is the end result.

I used to take 3in1 Cadbury hot chocolate sachet, it was N70 then, in just less than a year is currently sold at N300, with reduced quantity and quality. I've stopped buying, it's not worth it.

with 3k I could get good meal in those eateries, as of today what was sold for 3k is N6500 and taste like shxt.

The only company making profit this time is Oil companies and Network/Internet providing companies. The rest are seriously struggling

Faiththatworks:
I believe this headline about companies making losses are misleading.
These companies are making massive revenues with marginal increases in expenditure,but when it's time to declare dividend,they bring up this loss abracadabra.
This loss they are basically declaring is from their exposure to foreign debts, these companies secured foreign loans in the cause of doing their business,but now that it's time to repay, the exchange rate has now ballooned.
These companies should be more open on where their losses are coming from and stop this facade that the Nigerian Economy is in massive depression,their losses is not because the Economy is bleeding,but because of their exposure to foreign loans.
God bless Nigeria.....

Agbado logic.

Your reasoning supports Western, Eastern and selfish Nigerians pandering to economic domination of Africa.

No one should be surprised that many of you supporting your colonial masters are highly and strategically placed in the International corporate world whose sole interest is to deliver to your foreign shareholders.

Monkey see Monkey do.

What is the foreign loans used for that could not be obtained in Nigeria after 60 years?

nedu666:



Damn your education is seriously limited. Who told you Cadbury gets all their raw materials from Nigeria. Also if you take a foreign loan @ 400 naira a dollar and the naira rate is now 1300 @ dollar, how is that paper loss or creative accounting. Common sense should tell you it will cost more to pay back the loans. If it is paper loss, then banks reporting massive profits on the back of revaluation of their foreign investment will be termed paper profit. But cbn knows its not paper profit that is why it said banks should not pay dividend from such profit. A bank that buys dollar bonds at 400 naira a dollar, when the bond matures @ 1300 a dollar, is that a real profit or paper profit

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

Exactly my thoughts I don't believe this news one bit.
Loss kor loss no.
All those big companies producing in Nigeria rarely experience loss except in the case of a disaster because as raw materials and cost of production increases so does their market price. They should go and sit down, this news is a lie. They only want to cheat their investors and share holders.

What？