Some of Nigeria’s top manufacturers have spent about N1.94 trillion on repaying loan principals and interests. This marks a 188 per cent year-on-year increase from the N672 billion spent by these companies in the first half of 2023, as manufacturers struggle with high interest rates.
According
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
