Effect of Exchange Rate Volatility on Return on Assets of Consumer Goods Manufacturing Companies Listed In Nigeria
The financial performance of consumer goods firms in Nigeria is constrained by a weak macroeconomic framework with persistent exchange rate volatility, multiple exchange rate windows and forex restrictions, and distortionary activities by the central bank. Thus, persistent exchange rate volatility exposes the companies to external risks because their projected revenue and costs, alongside profit margin and earnings per share, are affected. Hence this study examined the effect of exchange rate...