Nigerian Private Sector Credit Rises to N74.63tn Post Rate Cut, Signaling Rebound

Private sector credit in Nigeria rose to N74.63 trillion in November 2025 post a rate cut by the Central Bank of Nigeria (CBN) in September. The data indicates a recovery in lending activities after facing constraints due to tight monetary conditions earlier in the year.

Despite a year-on-year decline, the recent uptick suggests a stabilization in credit flow to businesses and households. The CBN's cautious policies have encouraged banks to lend to the real economy, leading to a gradual improvement in credit conditions.