Credits to govt rose by over N11tn in August — CBN

The Central Bank of Nigeria disclosed that credit to the Federal Government increased by N11.33tn or 57.11 per cent to N31.15tn in August from N19.83tn in July. The latest Money and Credit Statistics from the CBN revealed a trend of fluctuating borrowing by the three tiers of government from commercial lenders over the past months.

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