Real sector owing Nigerian banks N19.54trn as borrowing grows 21%

Real sector owing Nigerian banks N19.54trn as borrowing grows 21%

The Total gross credit to the real sector of the Nigerian economy by the banks in the country has risen by 21 per cent in the last one year to hit N19.54 trillion as at November 13, 2020. Godwin Emefiele, governor of the Central Bank of Nigeria disclosed this recently on two separate occasions of Monetary Policy Committee (MPC) meeting and Bankers’ Night organized by the Chartered Institute of Bankers of Nigeria (CIBN). In the first instance, Emefiele stressed that loan to the real sector increased by N290.13 billion within…

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