The Central Bank of Nigeria (CBN) has reported that private sector credit increased to ₦75.8 trillion in December 2025, up from ₦74.63 trillion in November. This represents a month-on-month growth of ₦1.17 trillion, signaling a gradual recovery in lending activity toward the end of the year.
The CBN’s Money and Credit Statistics indicate that lending to businesses and households is picking up after a period of subdued credit growth earlier in 2025. However, the December figure remains below the ₦78.02 trillion recorded in December 2024, suggesting that credit has yet to fully return to last year’s levels.
Economists say the increase reflects improved business confidence and the potential for economic expansion. The rise in private sector credit suggests that recent CBN monetary policies are beginning to encourage more lending, although borrowing conditions continue to present challenges in some sectors.
The growth in private sector credit comes alongside other signs of increased liquidity in the economy. Nigeria’s broad money supply (M2) rose to ₦124.4 trillion in December 2025, while foreign exchange reserves strengthened to $46.01 billion, the highest since 2018.
Analysts note that sustained growth in private sector credit is crucial for supporting businesses, boosting production, and driving overall economic activity in the country. Visit www.jocomms.com for more news.