 In business news, total deposits in the banks rose by 24.17% from $33.85 trillion as of the end of June 2021 to $42.03 trillion in the corresponding period of 2022. The Deputy Governor of the Financial Systems Stability Directorate Aisha Hamad, who disclosed this in a personal statement at the last MPC meeting, said that key industry aggregates also continued their year-on-year upward trajectory, with total assets rising to 65.48 trillion Naira in June 2022, from 53.64 trillion Naira in June 2021. She added that while total deposits rose to 42.03 trillion Naira from 33.85 trillion Naira over the same period, gross credit has maintained an upward trajectory since 2019, rising by 5.02 trillion Naira between June 2021 and June 2022, with significant growth in credit to manufacturing, general commerce and oil and gas sectors.