Credit to the private sector in Nigeria increased by 4.02 per cent year-on-year to ₦76.14 trillion in June 2025, up from ₦73.19 trillion in June 2024, according to the latest Central Bank of Nigeria (CBN) Money and Credit Statistics.
The rise represents a net expansion of ₦2.94 trillion over the twelve-month period, underscoring the private sector’s growing access to credit despite a volatile monetary environment.
Monthly Trends
CBN data show alternating periods of expansion and contraction between June 2024 and June 2025.
- June 2024: ₦73.19 trillion
- July 2024: ₦75.51 trillion
- August 2024: ₦74.73 trillion
- September 2024: ₦75.83 trillion
- October 2024: ₦74.07 trillion
- November 2024: ₦75.96 trillion
- December 2024: ₦78.02 trillion (peak)
- January 2025: ₦77.38 trillion
- February 2025: ₦76.26 trillion
- March 2025: ₦75.98 trillion
- April 2025: ₦78.08 trillion
- May 2025: ₦77.83 trillion
- June 2025: ₦76.14 trillion
The December 2024 peak marked the highest credit volume within the review period before moderating in early 2025.
Broad Money Supply Surges
Other monetary aggregates showed stronger growth. Broad money supply (M3) rose 15.8 per cent, climbing from ₦101.46 trillion in June 2024 to ₦117.50 trillion in June 2025.
Analysts say the uptick in private sector credit reflects a cautiously expansionary stance amid ongoing efforts to stabilise liquidity and stimulate growth.
