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Bank Loans To Govt Rise To N16.32tn
Figures obtained from the Central Bank of Nigeria have shown that the total net credit by the Nigerian banking sector to the government rose by N2.2 trillion in the first quarter. The CBN’s data on ‘Money and credit statistics’ have shown the net credit to the government rose from N14.12tn as of the end of…
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Bank Loans To Private Sector Hit N36.7tn
According to data obtained from the Central Bank of Nigeria, between January and December 2021, the Nigerian banking sector’s credit to the private sector rose by N5.1tn or 16.67 percent. This was contained in the Money and Credit statistics released by the regulator showing that credit to the private sector stood at N30.6tn during the…
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Bank Loans To Government Rise By 22.59%
According to the Central Bank of Nigeria report titled, ‘Deposit Money Bank’s sectoral allocation of credit’, bank loans to the government have risen by 22.59 percent, hitting N2.17tn as of the end of September 2021. This is a N400bn increase within the nine-month period from N1.77tn recorded in December 2020. According to the figures, bank…