Banks’ credits to private sector grow by N30tr in one year

Determined to bolster the private sector described as the engine room of the economy, Nigerian commercial banks have raised lending by about N30 trillion, a new report has revealed. According to data from the Central Bank of Nigeria (CBN), credit to the private sector (CPS) rose by 65.9 per cent or N29.52 trillion to N74.31 [...]

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