Harsh Business Climate Pushes Firms To Higher Debts

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The current business climate, marred by the impact of the coronavirus pandemic, has seen most corporates and business entities look to the debt capital

NOVA Merchant Bank Limited, Providus Bank Limited, Babban Gona Farmer Services Nigeria Limited and Mixta Real Estate Plc registered N50 billion, N100 billion, N15 billion and N25 billion, respectively.

Financial analysts urged the government to initiate strategic policies that would grow businesses in the country and address challenges of hostile and inconsistent macro-economic policies and regulatory environments impeding the nation’s development. According to him, the company also does not have to hold periodic meetings of shareholders and seek the vote of shareholders before taking certain actions unlike when they raise capital through the equities market.Speaking on the successful CP Programme registration, the managing director, Veritasi Homes & Properties Limited, Mr. Nola Adetola, stated that, “Veritasi Homes & Properties Limited is delighted with the successful registration by FMDQ Exchange of our N10.

 

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