The total credit to the private sector in Nigeria declined to N73.66 trillion in February 2025, marking a consecutive monthly drop in lending to businesses and individuals.
This is according to data released by the Central Bank of Nigeria (CBN).
The latest figures from the apex bank show a downward trend in credit extension, with private sector loans decreasing from N74.92 trillion in January 2025 and N75.96 trillion in December 2024.