Tag
HEDGING
The NGX's most recent earnings results reveal that PZ Cussons and Nigerian Breweries, among other blue-chip brands, FX exposures cost the blue-chip companies a substantial sum of money.
The Naira is currently trading close to its all-time lows. In a little under a year, the Naira has fallen more than 49%.
Licence to import fuel would mean Nigerian airlines would have to start adopting a practice used by international airlines - Hedging.
Having the hedge in place has protected Mexico from the plunge.