How government is crowding out lending to private sector
Nigerian banks’ total credit extension to the private sector increased by 16 percent Year-on-Year (y/y) to almost N36.4 trillion in March 2022, data from the Central Bank of Nigeria (CBN) showed. The CBN’s steps to increase the minimum loan-to-deposit threshold for deposit money banks in 2019, the punitive discretionary Cash Reserve Ratio (CRR) debits for […]
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