Banks Commit N147.52trn Credit To Oil Sector As Manufacturing Lending Slumps

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Banks Commit N147.52trn Credit To Oil Sector As Manufacturing Lending Slumps

Deposit Money Banks (DMBs) in Nigeria continued to prioritise the oil and gas sector in 2025, even as lending to manufacturing contracted sharply, according to data from the Central Bank of Nigeria (CBN). The CBN’s statistical bulletin showed that cumulative bank credit to the oil and gas sector stood at about N147.52 trillion in 2025, […]

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