Bank Debt of Manufacturers in Nigeria Increases to N6.98 Trillion in June – CBN

The Central Bank of Nigeria (CBN) has revealed that the outstanding debt owed by manufacturers to banks in the country surged from N5.56 trillion in January 2023 to N6.98 trillion by June 2023. The CBN’s Sectoral Analysis of Deposit Money Banks’ Credit report further discloses that manufacturers sought an additional N1.42 trillion in loans during … Continue reading Bank Debt of Manufacturers in Nigeria Increases to N6.98 Trillion in June – CBN