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Nigerian companies binging on debt face low growth risk

…as corporates issue N466bn commercial papers in H1 …Q2 revenues drop to record low

As a lot of Nigerian businesses tap the low-interest environment to ramp up borrowing to offset liquidity challenges fuelled by the effect of COVID-19, there’s a growing worry that the risk of low economic growth is going to constrain future revenues and increase the burden of debt servicing for firms. In an economy hit by a…

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