Credit To Economy Rises To N39trn In Five Months   Credit to the economy rose by 10.1 percent or N3.5 trillion in five months to N39.1 trillion in April 2020 from N35.5 trillion in November last year. The Central Bank of Nigeria, CBN, disclosing this in its just...

Banks’ Credit To Private Sector Now N25.47trn   Banking sector’s credit to private sector rose to N25.47trn in September, setting a new record for the year, a new report by the Central Bank of Nigeria has revealed. Analysts have said the 65 per cent Loan-to-Deposit policy of...

DBN To Provide Credit Guarantees, Targets N60bn Loans   The Development Bank of Nigeria Plc plans to set up a subsidiary that will provide partial credit guarantees to lenders, while targeting as much as N60bn ($166m) of loans this year. The Chief Executive Officer, DBN, Tony Okpanachi,...

Banks’ Credit To Economy Decreased By N136bn – NBS   The total credit from banks to the economy recorded a decline of N135.8bn from N15.74tn at the end of the fourth quarter of last year to N15.6tn in the first three months of 2018. This is contained...

Oil Sector Receives N3.42 Trillion Credit From Banks A gas flare burns at the Batan flow station operated by Chevron under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region on March 26,...

Credit To Private Sector Rises By N633bn In February     Credit to private sector rose by N633 billion to N22.6 trillion in February, surpassing credit to the government which rose by N161 billion to N4.29 trillion during the month. The above, which indicates increased willingness by...