Nigerian Companies spend over N170 billion on Travel, Hotel expenses up 51%

Nigerian companies incurred over $108 million in travel and transport-related expenses in the financial year that ended in 2023.

This is according to research findings from about 40 quoted companies on the NGX, operating in different sectors of the economy.

According to our research analysis, companies spent a whopping $110.5 million on travel and accommodation expenses in 2023, up from the $73 million incurred in the same period in 2022.

Read more at Nairametrics

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