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Deposits by Nigerian banks rose by N6.92tn from N36.13tn as of the end of October 2021 to N43.05tn in the corresponding period of 2022.
According to the Deputy Governor, Financial System Stability Directorate, CBN, Aishah Ahmad, total assets rose to N69.67tn in October 2022 from N57.3tn in October 2021, while total deposits rose to N43.05tn from N36.13tn over the same period.
Total credit also increased by N5.32tn to N28.81tn between end-October 2021 and end-October 2022 with significant growth in credit to manufacturing, general commerce, and oil & gas sectors.
Rema's 'Calm Down' extended its stay at the top of the US Afrobeats chart to 19 weeks. The hit remix featuring Selena Gomez has enjoyed an interrupted run at the summit, spending almost half of its 42 weeks stay on the chart at the top. Tems' 'Free Mind', Burna Boy's 'Last Last', and Wizkid 'Essence' all dropped one spot respectively to 3rd, 4th, and 5th.
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