Neimeth restructures reserves as drugmakers abandon costly debt model
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Neimeth International Pharmaceuticals Plc is reorganising nearly N2 billion in reserves under a court-backed scheme, emphasising a deeper shift across Nigeria’s pharmaceutical industry as companies move away from an increasingly unsustainable reliance on short-term bank borrowing. Shareholders approved the scheme of arrangement at a court-ordered meeting on March 31, clearing the way for the company […]
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Source: This article was originally published by Business Day Nigeria. All rights reserved to the original publisher.
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