Nigerian Private Sector Credit Surges by N1.89 Trillion After Rate Cut

The private sector credit in Nigeria experienced a significant rebound in October 2025, rising to N74.41 trillion from N72.53 trillion in September, representing a 2.6% increase. This surge of N1.89 trillion came after the Central Bank of Nigeria (CBN) reduced the Monetary Policy Rate (MPR) by 50 basis points to 27.5%.

Despite uneven credit conditions throughout the year, the October increase signals a potential turning point in lending activity, with positive effects on business investments and consumer spending. Economists caution that the rebound remains fragile, as credit levels are still below the peak in April.