Loans to manufacturers shrink to N2.1trn

At the backdrop of the challenges confronting the manufacturing sector, including structural bottlenecks, weak consumer demand and high interest rates, banks slashed loans to manufacturers and traders by N2.1 trillion in the first six months of 2025 to N10.946 trillion at the end of June, representing a 16.2 per cent decline from N13.065 trillion at the end of 2024. The post Loans to manufacturers shrink to N2.1trn appeared first on Vanguard News.