An assessment of selected Nigerian companies’ new net borrowings in 2024 indicates a decline in reliance on bank loans for working capital. This is as rising interest rates scare off borrowers.
In 2024, twenty-one companies listed on the NGX had a negative net new borrowing of N488 billion. The
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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.
