The Central Bank of Nigeria, CBN, disclosed this in its Money and Credit Statistics data for the review period.
Consequently, net domestic credit rose MoM by 10.5 percent to N102.7 trillion in May from N92.9 trillion in April. “Financing costs are expected to continue consuming a larger portion of the Federal Government’s revenues, while the local currency remains weak against the dollar and the interest rate environment remains tight, reflecting the Central Bank’s monetary tightening measures.
Source: Loan Digest (loandigest.net)
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