Private Sector Credit Up 4.02% YoY to N76.14trn as Broad Money Supply Expands

Private sector credit in Nigeria increased by 4.02% year-on-year to N76.14 trillion in June 2025, compared to N73.25 trillion in June 2024, according to the latest Central Bank of Nigeria (CBN) Money and Credit Statistics. The rise reflects a net expansion of N2.89 trillion within the period, indicating growing access to credit for the private sector despite a volatile monetary environment.

Monthly data from June 2024 to June 2025 showed alternating periods of expansion and contraction. The broad money supply (M3) also expanded from N38.74 trillion in June 2024 to N43.16 trillion in June 2025, representing a robust 11.47% increase.

This trajectory suggests persistent liquidity growth in the system, with currency circulation rising from N2.67 trillion to N3.09 trillion over the same period. The data also showed a marginal decline in net credit to the government, indicating a relative shift.