Nigeria Improved Dollar Supply Helps Firms Settle Overseas Debt [Yahoo! Finance Canada]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg MTN Nigeria Communications Plc, BUA Foods Plc and Cadbury Schweppes Overseas Ltd.'s Nigeria unit, some of the biggest firms in Africa's most populous nation, have reported that they are now able to access dollars to meet their foreign currency obligations, a reversal of a situation where the scarcity of greenbacks left them unable to repatriate profits or pay foreign suppliers. ADVERTISEMENT MTN Nigeria, the nation's biggest mobile operator, “utilized the improved liquidity in the foreign exchange market” to reduce letters of credit obligations by 41.6% to $243.4 million from $416.6 million in December, in a bid to curb losses, Chief Financial Officer Modupe Kadiri said at investor conference call last week. The Central Bank of Nigeria has since the beginning of this year introduced measures to improve liquidity, including raising its benchmark rate 600 basis points to attract capital inflows and and dumping the currency's peg to allow the market to d
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News
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MDLZ
Earnings
- 4/30/24 - Beat
MDLZ
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/29/24 - Form DEFA14A
- MDLZ's page on the SEC website