Credit from bailed out banks rises by 53.51%

•Oil and gas sector gets lion share in N173.81 billion credit in five months In what appears to signpost a gradual return to normalcy in the banking industry, credit from the eight banks bailed out by the Central Bank of Nigeria (CBN) rose by 53.51 percent between 10th April and 10th May this year. From just N18.19 billion granted from January to April 10, the bailed out banks showed growing adventure by increasing their credit to N27.92 billion between April 10 and May 10. Within the same ...
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Added July 13, 2010
from Businessday Nigeria