High interest rate: Companies dump bank loans for commercial papers

By AYOOLA OLAOLUWA With Commercial Papers (CPs) rates trading lower than what Deposit Money Banks (DMBs) are lending, Nigerian companies are increasingly dumping banks’ loans and accessing funds through CPs, resulting in a jump in the market volume of CPs traded in the last four and half years, Business Hallmark findings can reveal. Commercial Papers … Continue reading High interest rate: Companies dump bank loans for commercial papers