Bank Credit to Private Sector Declines to N75.83trn
Bank credit to Nigeria’s private sector fell to N75.83tn in August 2025, the lowest level recorded this year, according to the Central Bank of Nigeria’s latest money and credit statistics.
The figure represents a 0.4 per cent decline...
Over $10 billion is being invested by state governments and private sector companies in the development of new deep and river seaports throughout Nigeria.
According to Mr Adewale Oyerinde, the Director-General of the Nigeria Employers’ Consultative Association (NECA), the Federal Government should adopt alternative policies to foster growth and development in the private sector.
Credit to Private Sector, Govt Rise by 42.68% to N87.27trn
The Central Bank of Nigeria (CBN) has disclosed that banks’ credit to the economy rose by 42.68 per cent Year-on-Year (YoY) to N87.27 trillion in August 2023 from N61.17 trillion reported in the corresponding period...
Oil Communities, Firms Partnership Target $5bn Investment Fund
The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with the private sector to kick-start investment drive and development in the oil-producing states in the country.
The Executive...
