Manufacturers borrow N1.03tn from banks, debts hit N4.2tn

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Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to N4.19tn in January 2022. This is as they borrowed the sum of N1.03tn between January 2021 and January 2022. This implies that banks’ credit to the sector increased by 32.79 per cent in the one-year period from N3.16tn as of…


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source https://punchng.com/manufacturers-borrow-n1-03tn-from-banks-debts-hit-n4-2tn/

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