Nigerian Banks' Private Sector Credit Drops by N1.3 Trillion in One Year Amid Tight Monetary Policies
The latest data from the Central Bank of Nigeria (CBN) reveals a significant drop of N1.3 trillion in banks' credit to the private sector within a year, reaching N75.96 trillion in November 2025. This decline is attributed to the aggressive tightening cycle led by CBN Governor Olayemi Cardoso, who implemented multiple interest rate hikes in 2024.
The fluctuating credit levels throughout the year indicate a delicate balance between monetary restraint, inflation, and interest rates. Analysts predict continued volatility in credit growth, with hopes for a gradual policy easing to revive private sector credit and support economic recovery.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Private Sector Credit Hits N75.83 Trillion in December Amid Government Borrowing Surge
Nigerian Private Sector Credit Surges by N1.89 Trillion After Rate Cut
Nigerian Private Sector Credit Rises to N75.8 Trillion in December 2025 - CBN Data Shows Modest Rebound
Nigerian Private Sector Credit Surges by N1.89 Trillion in October 2025
Nigerian Banks Optimistic for Lending Growth in 2026 Amid Easing Inflation and FX Pressures
Nigerian Banks Deposit N33.05 Trillion Amid Economic Slowdown
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
