Assets

According to the Central Bank of Nigeria, total banking assets increased by N6.97 trillion between April 2020 and April 2021. Despite the COVID-19 pandemic, assets increased from N46.2 trillion to N53.17 trillion between April 2020 and April 2021, according to information acquired from the CBN’s Monetary Policy Committee report on Wednesday. “The financial system continued to record strong growth, with total asset increasing by N6.97 trillion from N46.2 trillion to N53.17 trillion between April 2020 and April 2021, owing primarily to an increase in credit,” according to the report. “Total credit increased by N2.84 trillion (15.26 percent) between April 2020 […]