Banks cut loans to manufacturers by 26%, lending drops to N8trn

Banks’ credit to Nigeria’s manufacturing sector has sharply declined, dropping by 26% year-on-year to N8 trillion in February 2025, down from N10.9 trillion in the same period in 2024. This is according to the latest economic report released by the Central Bank of Nigeria (CBN), signaling a persistent contraction in funding to the sector for [...]The post Banks cut loans to manufacturers by 26%, lending drops to N8trn first appeared on Business Hallmark.

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