Nigeria: Oando records N5.4b foreign exchange loss in Q3

Kunle Kalejaye 01 November 2016, Sweetcrude, Lagos — Oando Plc recorded a net foreign exchange loss of N5.4 billion in the third quarter of 2016. The N5.4 billion loss was due largely to the devaluation of Nigeria’s currency and the economic environment. “The Nigerian economic environment continues to impact our business as we witnessed a […] More »