FG takes 84% of N850bn credit to the economy in February
ON APRIL 27, 20203:54 AMIN BUSINESS
By Babajide Komolafe
Credit to the economy rose by N850 billion in February with lending to government accounting for 84 percent valued at N720 billion.
This was the highlight of the Depository Corporation Survey for February released by the Central Bank of Nigeria (CBN) last week.
According to the survey, Net Domestic Credit rose by 2.37 percent or N850 billion to N36.66 trillion in February from N35.81 trillion in January.
Financial Vanguard analysis of the survey showed that credit to the government rose by N720 billion or 7.77 percent to N9.97 trillion in February from N9.25 trillion in January.
Source:https://www.vanguardngr.com/2020/04/fg-takes-84-of-n850bn-credit-to-the-economy-in-february/
ON APRIL 27, 20203:54 AMIN BUSINESS
By Babajide Komolafe
Credit to the economy rose by N850 billion in February with lending to government accounting for 84 percent valued at N720 billion.
This was the highlight of the Depository Corporation Survey for February released by the Central Bank of Nigeria (CBN) last week.
According to the survey, Net Domestic Credit rose by 2.37 percent or N850 billion to N36.66 trillion in February from N35.81 trillion in January.
Financial Vanguard analysis of the survey showed that credit to the government rose by N720 billion or 7.77 percent to N9.97 trillion in February from N9.25 trillion in January.
Source:https://www.vanguardngr.com/2020/04/fg-takes-84-of-n850bn-credit-to-the-economy-in-february/
