15 companies’ loans soar to N4tn

Fifteen companies listed on the Nigerian Exchange Limited saw their total borrowings surge to N4.09tn in 2024, marking a 110.3 per cent increase from N1.94tn in 2023, The PUNCH reports.

According to the figures obtained from the audited and unaudited financial statements of these companies for the year ended December 31, 2024. The borrowings were classified under non-current liabilities, which are financial obligations that extend beyond a…