Central Bank of Nigeria building. Photo: CBN
Nigeria’s private sector credit climbed to N83.43tn in July 2026, extending a steady rise in lending to businesses and other private-sector borrowers despite the Central Bank of Nigeria’s tight monetary policy stance.
Data from the CBN showed that private sector credit increased by 0.21 per cent between June and July, following a much stronger N2.22tn expansion in June.
The July figure was N6.70tn higher than the N76.72tn recorded a year earlier, representing an 8.74 per cent annual increase.
Over the four-month period from April to July, credit to the private sector rose by N2.84tn, from N80.59tn to N83.43tn.
