LDR: Banks credit rise by N3.97tn in 18 months

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Nike PopoolaBanks credits to the productive sectors rose by N3.97tn in 18 months after the commencement of the Loan to Deposit Ratio initiative of the Central Bank of Nigeria.This was discl...

Banks credits to the productive sectors rose by N3.97tn in 18 months after the commencement of the Loan to Deposit Ratio initiative of the Central Bank of Nigeria.

Part of the statements read, “The committee noted that growth in broad money supply increased marginally to 3.53 per cent in October 2020 from 3.20 per cent in September 2020, reflecting an increase in net foreign assets. “Total gross credit by the banking industry stood at N19.54tn as at 13th November 2020 compared with N19.33tn at end-August 2020, an increase of N290.13bn.

 

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Omo this country still dey owe money with no improvement na WA o credit credit until they sell the country let's be real KimKardashian wizkidayo 9mobileng _Taaooma

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