Airtel Africa back in black, but Nigeria currency woes weigh
"As reported in July 2023, our results for the first quarter were significantly impacted by the changes to the FX market in Nigeria, introduced by the central bank. While the changes are required for the long-term benefit of the Nigerian economy, the immediate impact of the naira devaluation continues to weigh on our reported financial performance in the period," said Olusegun Ogunsanya, group chief executive officer, Airtel Africa.