Nigeria’s private sector borrows N5.16 trillion from banks in 11 months 2021

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Nigeria’s private sector borrows N5.16 trillion from banks in 11 months 2021

Private sector credit score rose to a document excessive of N35.31 trillion as of November 2021, representing N5.16 trillion salvage unique loans between January and November 2021. Right here is according to information from the Central Bank of Nigeria (CBN) money and credit score statistics. Bank credit score to private sector in Nigeria increased by 17% when put next to N30.2 [……
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