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Nigerian Banks Lend Private Sector N4.1tn In 12months
Between September 2020 and September 2021, the Nigerian banking sector’s credit to the private sector rose by N4.1tn or 13.8 percent. As part of an effort to drive lending to the real sector, the CBN had in 2019 directed all banks to maintain a minimum of 65 percent Loans-to-Deposit Ratio by the end of December…
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Banks’ Credit To Economy Hits N43.67tn
As at the end of February 2021, banks’ credit to the economy rose to N43.67 trillion from N42.92trillion in January – an addition of N75billion. The Central Bank Governor, Godwin Emefiele, who disclosed said, “Provisional data showed that banking system credit to the economy increased by 1.75 per cent to N43.67trillion in February 2021 from…