Issue 3/2022 237 FOREIGN CURRENCY TRANSACTION, TRANSLATION AND PERFORMANCE OF SUPERNATIONAL COMPANIES IN NIGERIA, WEST AFRICA Augustine Ejededawe OSHO 1 , David Olufemi IBIFUNMILOLA 2 1 Bursary Department, Ekiti state University, Ado-Ekiti, Nigeria E-mail: dr.oshoaugustine-@yahoo.com , Tel No:+2348035638775 2 Human Resources, Mydas Resort and Hotel, Owo, Ondo State, Nigeria E-mail:davidibifunmlola@gmail.com, Tel No:+2348034171066 How to cite: Osho, A.E., & Ibifunmilola, D.O. (2022). ,,Foreign Currency Transaction, Translation and Performance of Supernational Companies in Nigeria, West Africa”. Annals of Spiru Haret University. Economic Series, 22(3), 237-256, doi: https://doi.org/10.26458/22313 Abstract The study examined foreign currency transaction, translation, and performance of supernational companies in Nigeria. Specifically, the study examined effect of exchange rate, transaction rate and interest rate on return on asset of supernational companies in Nigeria. In a bid to accomplish this, panel regression analysis of fixed and random effect on five (5) selected supranational companies in Nigeria were employed. The study employed secondary data; the data for the study cover the period 2012 to 2021. The Hausman test carried out showed that fixed effect model is more realistic and produced a better result which was therefore employed in drawing inferences in the study. From the result, exchange rate exhibited significant negative relationship with supernational company’s performance in Nigeria. The finding further revealed that Interest rate has insignificant positive relationship with performance of the supernational companies in Nigeria while the translation rate indicated insignificant negative relationship. Hence, the study concluded that unfavorable movement or adjustment in foreign currency transaction and translation rate affect the performance of supernational companies in Nigeria, especially, when measured performance in term of return on asset. It was recommended that supernational companies should