The Chief Executive Officer of Lafarge Africa, Khaled El Dokani, said the company’s capital was affected by the worsening exchange rate in 2022, a corporate document obtained on Tuesday disclosed.
Ripples Nigeria previously noted in a report “How Emefiele’s CBN policies enriched dollar hoarders” that the exchange rate worsened last year.
Within 12 months, the exchange rate rose by 9.18 per cent in the official market from N422/$1 it started January 2022, to N461.50/$1 as of Friday, December 30, 2022.
