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Subscriber OnlyMarketsEconomicsNigerian Manufacturing Wins Big From Central Bank’s Credit PushLending to manufacturers rises to a two-decade high: EmefieleBanks have to boost loan-to-deposit ratios to 65% or risk finePhotographer: George Osodi/BloombergByTope Alake, Alonso Soto and Elisha Bala-Gbogbo+FollowNovember 26, 2019, 3:59 PM UTCUpdated onNovember 27, 2019, 6:56 AM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterNigeria’s manufacturing sector is the biggest winner of central bank policies that have forced lenders to extend more credit to the private sector.
