BUA Cement FX Losses Surge 31.7% To N92.1bn

BUA Cement Plc has reported a significant increase in foreign exchange losses for the 2024 fiscal year, amounting to ₦92.105bn, a 31.7 per cent rise from the N69.956bn recorded in 2023.

The increase is attributed to the depreciation of the naira and rising inflation, which impacted business operations across various sectors.

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