States credit in banking sector hit N18.9tr in Q2 – NBS

Looking for job? your search ends here! Visit https://recruitmentportalngr.com/  to apply now OR Send us a WhatsApp Message here!




States credit in banking sector hit N18.9tr in Q2 – NBS: The National Bureau of Statistics (NBS) said the Nigerian Selected Banking sector data as at Second Quarter (Q2 2020) revealed that total Geographical Distribution of Credit by State stood at N18.90trn compared to N18.56trn in Q1 2020 and N15.44trn in Q2 2019.

This was contained in a selected banking sector report titled “Quarterly Geographical Distribution of Credit by State Q1 2015 to Q2 2020 (Volume 2)”.

The credit, according to the October 2020 report, represents 1.82 per cent increase in credit Quarter on Quarter and 22.38 per cent Year on Year.

Lagos State, said the report, recorded the highest credit by geographical distribution with N14.92trn accounting for 78.94 per cent while Yobe State recorded the least with N13.8bn accounting for 0.07 per cent in Q2 2020.

NBS said total number of Individuals who registered for National Housing Fund in 2019 stood at 220,935 while total amount of money given out as Mortgage Loans stood at N77.61bn in 2019.

Read also: Nigeria’s Q2 GDP outlook better than projected – FG

The report added that the breakdown of borrowers in the Banking Industry showed that the total number of borrowers increased by 47.35 per cent to 2.59m in 2019 from 1.76m recorded in 2018 while number of credit facilities increased by

55.54 per cent to 3.18m in 2019 from 2.04m recorded in 2018.

The document explained that remittance Inflows declined by -2.06 per cent in 2019 to $23.81bn from $24.31bn recorded in 2018 while total

Remittance Outflows increased by 33.87 per cent to $90.6m from $67.68m recorded in 2018.

The total value of loans distributed under the Agricultural Credit Guarantee Scheme Fund (ACGSF) stood at N4.07m in 2019 compared to N4.37m distributed in 2018. This represents decrease of -7.03 per cent Year On year.




Do you need high paying jobs in Nigeria? If yes Submit your CV here and stand a chance of landing your dream job!

About Sam Gabriel 962 Articles
Samson Gabriel a graduate of mass communication from Auchi Polytechnic, he is a passionate writer with experience in radio scrip writing. He brings his experience from the broadcast media into play here as he continues to enjoy his passion as a journalist. He can be contacted via whats-app on: +234701105670

3 Comments

  1. *LAVITA RICCA INVESTMENT PROGRAM*
    ♦️♦️♦️♦️♦️♦️♦️
    ♦️♦️♦️♦️♦️♦️♦️
    *NO MORE EXCUSES*👈👈🗣🗣🗣🗣🗣🗣🗣
    👇👇👇👇👇👇👇👇
    1. I don’t have money
    2. I can’t talk to people
    3. I don’t do stuff like this
    4. I’m too Busy
    🔕🔕🔕🔔🔔🔔📣🔕
    Your excuses may be legit but they won’t improve your Life.

    • *LAVITA RICCA INVESTMENT PROGRAM is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*

    *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*

    CONTACT:- +2349036369810

    *LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*

    🔂 *N20,000====N40,000*

    🔂 *N30, 000====N60,000*
    *N50,000====N100,000*

    🔂 *N100,000====N200,000*

    🔂 *N200,000 ====N400,000*

    🔂 *N400,000====N800,000*

    *=======📞📞📞=======*

    *I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*

    🔰 *Are u a worker?*

    ♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*

    ♊ *Are u jobless and u need where u can make source of income?*

    ♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*

    ♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
    🙏🙏 *Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*👇👇

    CONTACT NAME Mrs. ELIZABETH TINA
    CONTACT:- 09036369810

  2. Have you heard anything about the ongoing empowerment program? JAMALIFE GLOBAL INVESTMENT

    This Is a unique and legitimate platform that gives you double of your investment within 45minutes of your Registration
    For Enquiries on How To register Call or WhatsApp Mrs FUMI JOY 07063198357 be a member
    !!No Scam!!
    !!No Referral!!
    Here are the packages below:-
    10k to get 20k
    15k to get 30k
    20k to get 40k
    25k to get 50k
    30k to get 60k
    40k to get 80k
    50k to get 100k
    100k to get 200k
    150k to get 300k
    200k to get 400k
    Call or Whatsapp Mrs. FUMI JOY ON:-07063198357
    APPROVED BY COOPERATE AFFAIRS COMMISSION call me

  3. UK FIRST BALE ARE AVAILABLE FOR SALE CALL OR WHATSAPP Adebayo Johnson On:(07042659482
    FOR YOUR UK SHOES,CLOTHES BAGS,BRA,PAINT, TOYS
    [*] BALE OF TROUSER SINGLE Both For Children and Adult’s small bale is 50,000 Gaint bale is 100,000
    [*] BALES OF CHILDREN CLOTHED -55kg is N45,000 95kg is N80,000 while Giant bale is N150,000
    [*] BALE OF UK USED LADIES BRA –
    N25,000
    [*]BALE OF WOMEN HAIR small bale is N 60,000 Giant bale N 120,000
    [*] BALE LADIES MIXED TOPS – 55kg is N40,000 .95kg is N80,000 while Giant bale 150,000
    [*] BALE OF LADIES Chiffon top and gown mix with jumpsuit 55kg bale is N40,000 95kg is 80,000 while Giant bale150,000
    [*] BALE Of Towels small bale is N 50,000 while Giant bale N100,000
    [*] BALE OF BEDSHEET small bale is 75,000 while Giant bale is 150,000
    [*] BALE OF ORIGINAL SHORTS – N 60,000
    [*] BALE OF MEN POLO/T SHIRT MIX – 55kg is N40,000. 95kg N80,000 while Giant bale is 150,000
    [*] BALE OF LADIES MIX DRESSES – 55kg bale N40,000 .95kg bale is N80,000 while Giant bale is 150,000
    [*] BALE OF LADIES Handbags is N70,000
    [*] BALE Children school bags is N 50,000
    [*] BALE OF ADULTS SHOES N80,000
    [*] CHILDREN SHOES N60,000
    [*] BALE OF MIXED UNDERWEAR PANTS ( 30,000 )
    [*] BALE MIXED SOCKS/STOCKINGS(30,000)
    [*] BALE OF LEGGINGS 55kg is 40,000 while 95kg bale 80,000
    [*] BALE OF SINGLETS/CAMISOILE ARE ALSO AVAILABLE ( 25,000 )
    [*]BALE OF TOYS FOR BABIES.(N80,000)
    [*] ALL ITEMS ARE FIRST GRADE GOODS.
    [*]BALE OF HUMAN HAIR 95KG 150,000
    [*] PRICES REFLECTED ARE FIXED PRICE.
    [*] THERE’S ALSO A ONE BALE DISCOUNT FOR CUSTOMERS GETTING UP TO 3 BALES.
    [*]THANKS FOR YOUR PATRONAGE.
    [*] NOTICE : WE DELIVER TO ALL 36 STATE Call or Whatsapp Adebayo Johnson On (07042659482)

Leave a Reply

Your email address will not be published.


*