Nigeria’s manufacturing sector is the biggest winner of central bank policies that have forced lenders to extend more credit to the private sector.
Lending to manufacturing companies in Africa’s most-populous country from May to the end of October totaled 459.7 billion naira ($1.3 billion), the most in two decades, central bank Governor Godwin Emefiele told reporters Tuesday in the capital, Abuja.
Output from manufacturing firms was up 1.23% in the three months to September with contribution to real GDP at 8.74%, the the country’s National Bureau of Statistics said in a report last week…
More details through:
News Archive from before July 2018