Nigeria’s listed firms are increasingly warming up to equity capital as an alternative source of funding to expensive bank loans.
Beyond the trillions of naira raised by banks in their race to meet new paid-up share capital requirements, non-bank corporates have also developed a strong appetite for what they consider as non-pressuring finance. Equity, unlike debt, offers breathing room in an era of expensive credit
Since June 2024, non-banks have tapped the Nigerian Exchange (NGX) for a combined N1.72 trillion. The brewers - International
