Nine out of ten firms have spent N1.7 trillion on repayment of loans in the nine months of 2024 as foreign exchange losses and rising monetary policy rate take a toll on their balance sheet.
These firms have been faced with economic headwinds such as Naira devaluation which led to a record of for
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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.
