Tag: Credit

Economy

Nigeria’s credit expansion crosses historic N100tr mark

Credit to the Nigerian economy crossed the N100 trillion threshold for the first time, rising by 1.7 per cent month-on-month to N100.98 trillion in November from N99.2 trillion recorded in October. The growth was largely driven by a significant increase in credit to the government, which expanded by 6.4 per cent month-on-month to N26.4 trillion […]

Business

Private sector credit surged by N1.8tr in October

Private sector credit surged by N1.88 trillion in October 2025, a sharp 2.60 per cent monthly increase that marks the strongest growth of the year, according to Central Bank data. The N1.88 trillion increase marks a 2.60 per cent month-on-month surge, the strongest growth recorded in 2025. This surge followed the Monetary Policy Committee’s decision […]