As of December 2024, eight Nigerian companies have seen an increase in their liabilities, reaching a total of N8.67tn. This marks a rise in debt levels, driven by both non-current and current liabilities across several sectors, The PUNCH reports.
Current liabilities are a company’s short-term financial obligations that are due within one year or within a normal operating cycle.
Non-current liabilities, also known as long-term liabilities,…
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