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The study utilized cross-sectional data sourced from the 89 pre-consolidation banks and the 25 post consolidation banks in Nigeria and the Engle-Granger approach to error-correction estimating techniques on the empirical model of bank credit performance. As Alashi (1991) indicates, evidence (both theoretical and empirical) abound that suggests a positive correlation between real economic growth and banks assets-especially credits.

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Click here for details Purchasing Managers Index Report for July 2017 -Monday, July 31, 2017 Purchasing Managers Index report showcases data from purchasing and supply executives of manufacturing and non-manufacturing organizations in selected states of Nigeria.The data could be compared with other economic data sources when taking policy decisions.Bank Verification Number (BVN) Enrollment for OFIs Customers - Extension of Timeline to December 31, 2017.-Tuesday, August 01, 2017 Bank Verification Number (BVN) Enrollment for OFIs Customers - Extension of Timeline to December 31, 2017.Charles Soludo, governor of the Nigerian central bank, is regarded by many as Africa’s best banker.

He is seen as the new face of the economic renaissance that is sweeping across the continent, Ayo Akinfe argues.While at university, Soludo was editor of the economics department’s magazine, The Policy Maker.Upon graduation, he won the departmental and faculty prizes for the best graduating student.Regarded by many as an embodiment of a new Africa in which democracy, free markets, transparency and competence is taking over from the corrupt past, Charles Soludo, the governor of the Central Bank of Nigeria (CBN) is the man of the moment.Since he took up his position in mid 2004, he has received several awards in recognition of the dramatic reforms he has pushed through.The quality of bank credit to private sector and their recovery procedures should also be improved upon.