MultiChoice to spend 45% more on local content amid FX loss in Nigeria
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November 12, 2021887 views0 comments
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But posts N75.1bn cash from Nigerian operations
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Records ZAR26.8bn in total group revenue
The company also disclosed that its Nigerian subsidiary’s operations were faced with FX liquidity challenges in the Nigerian market amidst the unabating dollar scarcity in the country after it posted a 21.7 percent increase to ZAR2.8 billion or N75.1 billion in cash balances from its operations in Nigeria during the first half of its 2022 financial year ended September 30, from ZAR2.3 billion or N61.7 billion reported on 31 March 2021.
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