Private sector lending hits N40.2tn yet Nigeria remains underbanked

CBN’s aggressive liquidity mop-up eases inflation

Central Bank of Nigeria (CBN)

Domestic credit to the private sector in Nigeria increased by 20.2 percent year on year to N40.2 trillion in August 2022, according to recent data from the Central Bank of Nigeria (CBN). Analysts at FBNQuest believe that the strong expansion of money and credit growth partly explains the MPC’s

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