High NPL forces banks to scale down credit to the private sector in 2017

by | February 12, 2018 2:51 am



High non-performing loans in 2016 may have forced banks in the country to scale down credit facilities to the private sector in 2017 as banks became more cautious of high risk sectors, BusinessDay findings have shown. The total credit to the private sector in 2017 witnessed a marginal decrease of 2.34 percent to N15.74 trillion…

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