The recent interest rate hikes in Nigeria has led to a surge in many businesses’ borrowing costs, affecting their ability to stay afloat.
BusinessDay analysis of the latest financial statements of nine firms in the consumer goods industry show a 193 percent jump in borrowing cost to N127.9 bill
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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.
