Nigerian consumer goods firms are grappling with soaring finance costs which surged by 56 percent in 2024, as the central bank’s interest rate hikes push borrowing expenses to multi-year highs.
Analysts warn that the rising cost of debt is squeezing profit margins and may lead to higher product
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
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.
