Tag: debts

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Companies hold off on new debts issuance over servicing cost

Nigeria businesses are holding off on issuing new debt, creating a quiet spell in the corporate bond market, waiting for a more favourable borrowing environment. With interest rates at their highest levels in decades, the cost of servicing new debt has become expensive for many firms. Consequently hoping for a series of rate cuts that

‘Passing your debts onto the next generation’ — Phrase of the Week

An idiom about hard work paying off is adapted to describe how a new mortgage product will pass debt payoffs onto the next generation...