Nigerian corporates pick expensive debt over equity raise

    Iheanyi Nwachukwu | Top Stories | Jun 17, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
5813
times

The Boardroom of Primal Nigeria Limited (not real name) smelled of stale filter coffee and unspoken panic.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Energy
NNPC's $1bn Dangote bet is now worth $2.84bn
The Nigerian National Petroleum Company Limited (NNPC) spent the better part of three decades and tens of billions of dollars on three refineries it built, owns outright and runs by itself.
Oladehinde Oladipo | Jun 19, 2026
Economy
Why Nigeria is looking beyond Eurobonds for foreign financing
Nigeria has raised more than $4.5 billion from international investors in the last two years, attracting record demand despite concerns over debt levels, foreign exchange volatility, and sweeping economic reforms.
Ayomide Odunlami | Jun 17, 2026
Markets
Nigerian corporates pick expensive debt over equity raise
The Boardroom of Primal Nigeria Limited (not real name) smelled of stale filter coffee and unspoken panic.
Iheanyi Nwachukwu | Jun 17, 2026
Pensions
Pension turns lifeline as jobless Nigerians withdraw N12bn to survive
Nigeria's worsening employment and economic challenges are forcing thousands of workers to fall back on their retirement savings for immediate survival, with more than N12 billion withdrawn from pension accounts by unemployed contributors in just three mo
Modestus Anaesoronye | Jun 16, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad