Nigerian companies slash N2.26 trillion debt, switch lenders for cheaper loans

Big borrowers cut about N2.26 trillion of debt in nine months. Smaller companies that depend on Nigerian banks are still paying close to 30%. Nigeria’s biggest companies are doing something they rarely manage: paying down debt. Seven of the largest non-bank borrowers on the Nigerian Exchange cut their combined borrowings by about N2.26 trillion in […] The post Nigerian companies…