The CBN Lends N9.3trillion To Businesses While Reducing Interference.

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The Central Bank of Nigeria has lent N9.3tn to businesses, recovering N3.7tn from it.The apex bank said N5tn was not yet due. Director of Development Finance, CBN, Dr Yusuf Yila, disclosed this to journalists on Wednesday in Abuja, noting that manufacturers got 31 per cent of the fund, which was the biggest chunk. “Some of the loans are under moratorium.

He further said that N1tn had been disburse under the Anchor Borrowers Programme while N400bn had been in recovery.

Punch.

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