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FG frowns at companies’ inability to resolve consumer complaints, feedback

 The Federal Competition and Consumer Protection Commission (FCCPC) has frowned at the inability of some companies and service providers to resolve consumers’ complaints and provide a feedback mechanism for their products. Mr Babatunde Irukera, the Director-General of the commission, said this at a National Virtual Policy Dialogue organised by the Nigerian Global Affairs Council in
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Funding gaps: 15 manufacturing companies borrow N418bn from banks

AT the backdrop of funding exigencies and inability to raise longer term and cheaper capital from the capital market, top 15 companies in the manufacturing sector, listed on the Nigerian Stock Exchange, NSE, were compelled in 2016, to seek expensive and short term bank loans to bridge funding gaps. Thus, they spent N127 billion servicing about N418 billion loan they borrowed.

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Companies’ results for 2016 encouraging given recessionary circumstances — Igwe

I think the results are encouraging given the harsh operating environment the companies operated in. It is really tough for companies especially those in the manufacturing sector grappling with high interest rate from banks. Most of these companies cannot afford to borrow money from the banks to boost their businesses because of the outrageous lending rates.

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