Credit To Private Sector Increased To N43.07trn In Q1, 2023   Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector hreached an all-time high of N43.07 trillion, with expectations of a further increase...

Credit To Private Sector Increase By N212bn In February   The Central Bank of Nigeria (CBN) has disclosed that credit to private sector increased by N212 billion or 0.51 per cent Month-on-Month (MoM) in February to N41.75 trillion as against N41.54 trillion reported in January 2023. The...

'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...

Credit To Private Sector Hit N62.28trn In Q2, 2021 - NBS   The National Bureau of Statistics (NBS) yesterday said the total credit allocated to the private sector in Q1 2021 stood at N62.28 trillion. According to its report entitled: “Selected Banking Sector Data (Q1- Q4 2021),...

Credit to Private Sector Hits N3.01trn In Five Months   With the Central Bank of Nigeria (CBN) retaining 65 per cent minimum Loan-to-Deposit Ratio (LDR), among other policies to boost lending, credit to private sector between January and May 2022 added N3.01 trillion reaching an all-time...

Private Sector Accounts For 91% Financial Flow Into Nigeria - Pantami   The Minister for Communication and Digital Economy, Isah Ali Pantami, said yesterday that the private sector controls about 91 per cent of financial flow into the country. The minister spoke while briefing members of the...