In a bid to meet short-term financial obligations, Nigeria’s downstream firms have increased their short-term borrowings by 41.6 percent in the first half of 2023.
The downstream firms' short-term borrowings amounted to N122.19 billion in H1 2023 from N86.31 billion in the same period of 2022.
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
