$2 Million Forex Loss - How Femi Okenla Sustained Ibis Hotel Business

What happens when a $2 million forex loss collides with bank delays in the middle of running a hotel? In this episode, Femi Okenla, a lawyer and hospitality entrepreneur operating an ibis Hotels franchise, shares how a major forex setback and financial bottlenecks nearly sunk his hotel business. He breaks down the realities of doing business in Nigeria—from currency volatility and access to foreign exchange, to the ripple effects of delayed bank processes on operations, staff, and cash flow. This conversation goes beyond the headlines, offering real insights into: The true impact of forex losses on businesses in emerging markets How bank delays can disrupt large-scale operations The financial structure behind running a hotel Lessons on risk management, resilience, and survival If you're an entrepreneur, investor, or operator navigating uncertain markets, this episode offers practical lessons you won’t hear often. #businessgrowth #podcast #entrepreneur #entrepreneurship #nidacity #businessinnigeria #business #podcastclips