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The Lagos

Job losses loom as N3.9trn debt may cripple 22 firms

Job losses loom as N3.9trn debt may cripple 22 firms
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***As 18 firms meet adequate cash/debt ratio cover ***Debt exceeds cash in 22 companies By Peter Egwuatu A wide disparity in the ability of companies listed on the Nigerian Exchange Limited, NGX, to cover their debt obligations with cash has emerged, with some companies holding several times more...

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