Oil And Manufacturing Sectors Dominate As Bank Loans To Private Sector Surge By 70.3%

Nigeria’s private sector lending soared by an impressive 70.3% in the first nine months of 2024, with the oil and gas and manufacturing sectors taking the lion’s share of loans, according to data from the Central Bank of Nigeria (CBN). Total credit to the private sector (CPS) reached N463.74 trillion, up from N272.2 trillion during … Continue reading Oil And Manufacturing Sectors Dominate As Bank Loans To Private Sector Surge By 70.3%