Nigerian banks have generated approximately $19 billion in new loans and support for the private sector over a one-year period, demonstrating their pivotal role in the country’s economic renewal efforts.
According to Cordros Securities Weekly Economic and Market Report, recent data from the Central Bank of Nigeria (CBN) shows that credit to the private sector (CPS) increased by 65.9%, or $18.4 billion, reaching $46.4 billion in May 2024, compared to $27.9 billion in the same period of 2023.
Read more at Nairametrics
According to Cordros Securities Weekly Economic and Market Report, recent data from the Central Bank of Nigeria (CBN) shows that credit to the private sector (CPS) increased by 65.9%, or $18.4 billion, reaching $46.4 billion in May 2024, compared to $27.9 billion in the same period of 2023.
Read more at Nairametrics
