The boardroom of Primal Nigeria Limited (not real name) smelled of stale filter coffee and unspoken panic. On the left side of the mahogany table sat Kunle Abayomi, the Chief Financial Officer (CFO), flanked by three thick, leather-bound folders containing the terms for a fresh Commercial Paper (CP)—a short-term debt instrument. On the right side sat Emeka Madu, a bright-eyed investment banker who had spent three weeks pitching an Initial Public Offering (IPO) or a private equity injection. "Kunle, look at the numbers," Emeka pleaded,
The boardroom of Primal Nigeria Limited (not real name) smelled of stale filter coffee and unspoken panic. On the left side of the mahogany table sat Kunle Abayomi, the Chief Financial Officer (CFO), flanked by three thick, leather-bound folders containing the terms for a fresh Commercial Paper (CP)—a short-term debt instrument. On the right side sat Emeka Madu, a bright-eyed investment banker who had spent three weeks pitching an Initial Public Offering (IPO) or a private equity injection. "Kunle, look at the numbers," Emeka pleaded,