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Job losses loom as N39trn debt may cripple 22 firms

Vanguard Reporter

September 29th, 2026

7 views

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 cash than debt, while others have cash covering only a fraction of their outstanding borrowings. The post Job losses loom as N3.9trn debt may cripple 22 firms appeared first on Vanguard News .

Read the full article on Vanguard

Source:Vanguard