Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark contrast to the N1.29 billion pre-tax profit reported in Q1 2023.
This downturn can be attributed to a significant foreign exchange loss of N10.69 billion, in contrast to the N182 million loss recorded in Q1 2023.
These figures reflect the prevailing macroeconomic headwinds; heightened inflation, interest rates, and exchange rate fluctuations, which businesses are contending with. READ THE FULL ARTICLE
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