The Central Bank of Nigeria (CBN) has said that banks loans to the private sector and the government declined by N24t trillion in March this year.
In a money and credit data published last week, the apex bank said loans to the private sector fell from N80.6 trillion in February to N71.21 trillion translating to roughly N9.65 trillion decline.
Similarly, loans to the government declined to N19.59 trillion in March from N33.93 trillion in February representing a month-on-month decline of N14.34 trillion naira.
