MTN, Nestlé Report Massive Losses While Dangote, BUA, Lafarge Cement Post Big Profits!

Not all businesses are smiling at the bank this season. MTN Nigeria and Nestlé just reported massive losses, thanks to the naira’s free fall and rising costs eating into their profits. MTN lost billions to forex troubles, while Nestlé struggled with expensive imports. On the flip side, cement giants, Dangote Cement, BUA Cement, and Lafarge are cashing in big time, riding on high demand and price hikes.

What’s really going on? And what does this mean for your investments?

Watch the full breakdown now on Follow the Money with Ugodre on Nairametrics TV on YouTube, where we follow the money!