Nigerian banks extended N1.3 trillion in credit to private sector players during the first quarter of 2023, bringing the total to N43 trillion.
The figures were obtained from the latest Money and Credit statistics published on the Central Bank of Nigeria (CBN) website.
Year-on-year, the N1.3 trillion credit to the private sector in the first quarter of 2023 showed a slight increase compared to the N1.28 trillion extended in the previous period in 2022.
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