Twenty-two companies listed on the Nigerian Exchange Limited (NGX) recorded a combined debt exposure of N21.3 trillion in the second quarter of 2026, as businesses continued to rely on borrowing to fund operations and support growth.
The figures, highlighted across news reports, show the scale of indebtedness among some of Nigeria’s publicly listed companies.
The companies have accumulated varying levels of debt as they seek to finance their businesses, meet operational needs and pursue profitability in an increasingly challenging economic environment.
The N21.3tn exposure underscores the significant role of debt financing in the operations of NGX-listed firms and highlights the financial obligations businesses are managing as they pursue expansion and sustain their activities.
