'Private Sector Gets N42trn Bank Loans'   Banks credit to the private sector rose from N35.18tn recorded at the end of January 2022 to N42.25tn in the corresponding period of 2023, figures obtained from the Central Bank of Nigeria have shown. The CBN’s money and credit statistics...

Bank Loans Rise By N2.35trn   Despite an increase in bank credit to the private sector, the non-performing loans stood at 6.54 per cent as of February, 1.54 per cent above the prudential benchmark set by the Central Bank of Nigeria. Credit to the private sector rose...

2019 Bank Loans To Customers Grew By N2.23trn – CBN   The total loans by Deposit Money Banks to the economy rose by N2.23trn between January and December 2019, data obtained from members of the Monetary Policy Committee of the Central Bank of Nigeria have revealed. Also,...

Investigation Reveals Bank Loans To manufacturers, Others Hit N241trn Deposit Money Banks have given about N241.87tn loans to manufacturing, agriculture, oil and gas firms and companies operating in 15 other sectors of the economy in the last four years. The total credit of Deposit Money Banks...

Expert Bemaons Power Firms' Default On Bank Loans   A former Executive Director at the Asset Management Corporation of Nigeria, Mr Kola Ayeye, has decried the default on bank loans by electricity generation and distribution companies in the country. Ayeye, who is the Managing Director of Growth...

Bank Loans To Real Estate Industry Decline By N162bn The challenges confronting the real estate industry have increased as credit allocation by banks maintains a downward trend. Credit allocation by banks to the real estate industry has maintained a downward trend in the last year. Data obtained...