A review of 19 large companies shows they have combined debt of N6.25 trillion. These companies rely heavily on bank loans and direct borrowings for funding.
Despite growth in alternative sources like commercial papers and debt securities, bank loans remain dominant. The review was conducted by Nairametrics, which examined the largest companies in the NGX 30.
Further details on the debt and borrowing of these companies are available from the source. The total debt of N6.25 trillion indicates a significant reliance on borrowing among these large companies.
The Independent National Electoral Commission (INEC) has published the final list of presidential and vice-presidential candidates for Nigeria’s 2027 general elections. The list contains 18 presidential candidates and their running mates across various political parties and...
The Independent National Electoral Commission (INEC) has published the final list of presidential candidates and their running mates for the January 2027 general elections. The list, signed by the Secretary to the Commission, Rose Oriaran-Anthony, released on S...
Nigeria has reaffirmed its commitment to the World Trade Organisation (WTO) and the multilateral trading system, stressing that no country can prosper in isolation from the global community. Vice President Kashim Shettima gave the assurance during a meeting with the Director-Gene...
The PDP and ADC’s David Mark have mourned former PDP chairman, Bamanga Tukur, who died at 90, describing his death as a great loss to Nigeria. Read More: https://punchng.com/pdp-david-mark-mourn-bamanga-tukur-hail-decades-of-service/...
By Shina Abubakar Osun State Government has described Osun State University (UNIOSUN) as a leading implementer of the 2025 Federal Government of Nigeria–ASUU Agreement, adding that this was done even before its implementation by the Federal Government. In a statement by the Commi...
VP Shettima hails Nigerian diaspora’s global contributions. The post BRICS Summit: Shettima meets with Okonjo-Iweala, reaffirms Nigeria’s support for WTO, multilateralism appeared first on Premium Times Nigeria ....
Ogun State Police have arrested a suspected vehicle theft kingpin, Mosuru Issa, and recovered a stolen Toyota Camry during a stop-and-search operation. Read More: https://punchng.com/police-arrest-suspected-vehicle-theft-kingpin-in-ogun-recover-stolen-car/...
A Labour Party (LP) chieftain, Abayomi Arabambi, has sued the University of Nigeria Nsukka (UNN) over the alleged refusal to release details of the academic record of Peter Obi, the presidential candidate of the Nigerian Democratic Congress (NDC). Arabambi, in a fresh suit, said ...
The governor said Ogun would explore opportunities to participate in the emerging private-sector-driven Hajj airlift arrangement, particularly for pilgrims from Oyo, Osun, Ondo and Ekiti states. The post Gateway Air ready to airlift Hajj pilgrims — Gov Abiodun appeared first on P...
Saudi Arabian Second Division side Al Nairyah Sports Club have completed the signing of midfielder, Ufere Chinedu, DAILY POST reports. Ufere linked up with Al Nairyah on a free transfer. He played for the nine-time Nigeria Premier Football League, NPFL, champions Enyimba last sea...
The Minister of Defence, Gen. Christopher Musa, has reaffirmed his support for the re-election of President Bola Tinubu and Kaduna Governor Uba Sani in 202 Read More: https://punchng.com/2027-defence-minister-urges-nigerians-to-unite-supports-tinubu-kaduna-gov/...
Nigeria is filled with Joshuas. They are in classrooms in rural communities. They are in crowded neighbourhoods and underserved schools. The post Oluremi Tinubu’s N10m gift and the power of purposeful philanthropy, By Kayode Akinmade appeared first on Premium Times Nigeria ....
