Nigerian Private Sector Credit Surges by N1.89 Trillion in October 2025
The private sector credit in Nigeria witnessed a significant increase of N1.89 trillion in October 2025, reaching N74.41 trillion, attributed to the Central Bank of Nigeria's rate cut in September. This boost marked the strongest growth of 2.60% in a month for 2025, indicating a positive economic movement.
The trajectory of private credit had been fluctuating but showed a rebound after the rate cut, signaling a potential lending boost. The Central Bank's cautious approach to managing liquidity and inflation played a role in the credit expansion.
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