After years of foreign exchange volatility that eroded corporate earnings, Nigeria’s more stable naira in recent months appears to be restoring profitability across listed firms, though fortunes remain mixed across sectors.
The naira, which now trades around N1,483 to N1,540 to the US dollar at the official window, has held within this band for several months. This calm follows two years of erratic swings that left firms grappling with massive foreign-exchange revaluation losses.
Combined with an improved monetary environment, with the Mo
