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Nigerian Manufacturing Wins Big From Central Bank’s Credit Push

  • Lending to manufacturers rises to a two-decade high: Emefiele
  • Banks have to boost loan-to-deposit ratios to 65% or risk fine
AfriOne Ltd. Launch Nigeria's First Locally Made Smartphone
Photographer: George Osodi/Bloomberg
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Nigeria’s manufacturing sector is the biggest winner of central bank policies that have forced lenders to extend more credit to the private sector.