Trade receivables for Nigeria's 30 largest firms surge 80.3% to N4.83 trillion in H1 2026
Analysis of the first half of 2026 financial statements for 18 companies on the NGX 30 shows a sharp rise in customer debts despite 31.1% revenue growth.
An analysis of the first half (H1) 2026 financial statements for 18 companies across the Nigerian Exchange Group's 30 firms reveals that while sales grew, customer debts rose faster. Combined trade receivables surged 80.3 percent to N4.83 trillion from N2.68 trillion in H1 2025. The combined revenue increased by 31.1 percent from about N11.93 trillion to N15.63 trillion during the same period. Trade receivables represent sales recognized for goods sold where cash has not yet been collected. This specific growth highlights a potential working-capital pressure on businesses that have recorded profits but face difficulties converting reported earnings into actual liquid assets.
