Julius Berger Nigeria Plc, a Nigerian-based construction company, is reaping the gains of naira stability as its net foreign exchange gains increased more than fivefold for the nine months ended September 30, 2025, boosting the company’s profit. The construction group’s net foreign exchange gains surged to N39.29 billion, compared with N5.69 billion in the same period of 2024, an increase of more than 576 percent This jump was linked to the naira’s volatility, which produced revaluation gains for the company’s foreign currency holdings an
Julius Berger Nigeria Plc, a Nigerian-based construction company, is reaping the gains of naira stability as its net foreign exchange gains increased more than fivefold for the nine months ended September 30, 2025, boosting the company’s profit. The construction group’s net foreign exchange gains surged to N39.29 billion, compared with N5.69 billion in the same period of 2024, an increase of more than 576 percent This jump was linked to the naira’s volatility, which produced revaluation gains for the company’s foreign currency holdings an