Job losses loom as N3.9trn debt may cripple 22 firms

Reported by Vanguard Nigeria · 3 hours ago · olufemiajasa

A wide disparity in the ability of companies listed on the Nigerian Exchange Limited, NGX, to cover their debt obligations with cash has emerged, with some companies holding several times more cash than debt, while others have cash covering only a fraction of their outstanding borrowings. The post…

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