Nigeria News

Petroleum, Manufacturing Get Highest As Banks Loan N15 Trillion in Months

The National Bureau of Statistics (NBS) says the Nigerian banking sector allocated N15.13 trillion as the total value of credit to the private sector in the second quarter (Q2) 2019.

The NBS figures, contained on its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2019)’ was released on its website on Sunday in Abuja.

It said that of the amount, the oil and gas and manufacturing sectors got credit allocation of N3.33 trillion and N2.32 trillion, recording the highest credit allocation.

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