Total Loans To Businesses Hit N18.9trn In One Year
Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020.
These credits were largely recorded in manufacturing, consumer credit, general commerce, and information...
Credit To Economy Rises By 21.5% To N18.9trn
The Central Bank of Nigeria (CBN), yesterday, disclosed that total gross credit to the economy grew by N3.3 trillion or 21.5 per cent to N18.9 trillion at the end of June 2020, from N15.56 trillion recorded previous...
Banks’ Loans To Customers Rise To N18.9trn In Q1, 2020
Nigerian banks’ loans to customers jumped to N18.9 trillion in Q1 2020, up from N17.4 trillion in FY 2019.
Checks by our correspondent revealed a 5.74% increase during the first quarter of the year.
In other words,...
