Firms’ rights issue hits N329.96 billion as restructuring heightens

Firms’ rights issue hits N329.96 billion as restructuring heightens

Nigerian companies are increasingly raising money to shore up capital and pay dollar-denominated debts under threat of a weakened currency.   Total rights issue launched by seven firms across all sectors have hit N329.96 billion and analysts say there is likely to be more issuance as companies are in dire need of strong working capital…

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