Connect with us
X
Categories:

Business

Nigerian Companies Borrowed N1.11tn In 2020

All Naija Entertainment

Published

on

SEC logo

Low-interest payment drove Nigerian corporates in 2020, to raise a record level of N1.114 trillion debt from the capital market, data obtained from the Securities and Exchange Commission (SEC) and FMDQ, has shown.

Download & Install The New ANE Android App To Your Device
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.


SEC data showed Corporate debt issuances (bonds + CPs) rose from N671 billion in 2019 to N1.14 trillion last year.

This comprises debt raised via short-term commercial papers and long-term corporate bonds excluding private placements.

Commercial papers accounted for the most with a total of N746 billion raised last year as opposed to N509 billion and N399 billion in 2019 and 2018 respectively.

Average Corporate bond yield at issue dropped by 6.1 percentage points to 9.5 percent last year, from the high of 15.6 percent in 2019.

Similarly, the average CP discount rate at issue dropped by over 6 percentage points to 6 percent in 2020 from 12.6 percent in 2019.


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Reach us on WhatsApp via: +2348104471989

Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.




Latest Exchange Rate

Donate To ANE!


Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now
Burna Boy
Entertainment1 day ago

2021 Grammy Awards: Burna Boy Promises An Unforgettable Performance Experience

Lionel Messi Barcelona Sevilla Copa Del Rey Semi Final
Sports1 day ago

Copa del Rey: Barcelona conquer Sevilla despite 2-0 down!!

PANDORA'S BOX Story
Stories3 days ago

[STORY] PANDORA’S BOX (Episode 06)

BITCOiN
Technology1 week ago

Best Time to Sell Your Bitcoin [EASY GUIDE]

BITCOiN
Technology1 week ago

Bitcoin Crashes, Loses $10,000 In Value

News1 week ago

30 Million Nigerians Will Be On Drugs By 2050 – NDLEA

Cristiano Ronaldo
Sports1 week ago

Serie A: Ronaldo’s Brace Set Juventus Free From Crotone

News1 week ago

Fulani Herdsmen Deserve Better Treatment From Nigerians – Bauchi Former Gov

Justin Trudeau
News1 week ago

Insecurity: Canada Issue Warning to Citizens Against Traveling to Nigeria

NCDC Chairman Chikwe Ihekweazu
News1 week ago

Nigeria Govt Confirms Discovery Of New Covid-19 Variant, 15 Others

Akwa Ibom Best Hotels ANE Travels
Lifestyle1 week ago

How To Detect Hidden Camera in a Hotel Room!!

WhatsApp
Technology2 weeks ago

WhatsApp To Deactivate Messages For Users Who Reject New Terms!!

Nissi
Entertainment2 weeks ago

Afro-Jazz/funk Singer, Nissi’s ‘Move X 2’ Is A Rare Delightful Visual

Kim Kardashian
Entertainment2 weeks ago

Kim Kardashian Officially Files For Divorce From Kanye West!!

Kanye West
Entertainment2 weeks ago

Kanye West Thinks Kim Kardashian Is Divorcing Him Because Of Presidential Run

Banky W and Adesua Pregnant
Entertainment2 weeks ago

Banky W, Adesua Etomi Welcome Baby Boy!!

JImoh Ibrahim
News2 weeks ago

Jimoh Ibrahim: Court Vacates Order Against Assets Over Alleged N69.4bn Debt

Business2 weeks ago

Nigeria To Supply Electricity To Togo From Calabar Power Plant

Victor Osimhen
Sports2 weeks ago

Napoli Confirm Victor Osimhen Head Injury, Say No ‘conclusive Result’ After Tests

The headies Awards
Entertainment2 weeks ago

The Headies Awards 2021 Winners Full List

ANE Billboard Hots!



Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.





Copyright © All Naija Entertainment.

css.php