Bank Credit to Private Sector Declines to N75.83trn   Bank credit to Nigeria’s private sector fell to N75.83tn in August 2025, the lowest level recorded this year, according to the Central Bank of Nigeria’s latest money and credit statistics. The figure represents a 0.4 per cent decline...

Several African countries including Nigeria have partnered to create a continental credit rating agency to counterbalance Western credit rating agencies’ bias against Africa.   

Credit to Govt Rises by N11trn in One Month   Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make government securities more attractive to investors. This is according to the latest money and credit stats data...

Credit for Importation of Goods Dropped by 62% in Q1 2024 – CBN Nigeria recorded $204.47 million as letters of credit payments in the first quarter (Q1) of 2024. According to the international payments data obtained from the Central Bank of Nigeria (CBN) on Sunday, the...

Consumer Credit Increases By 32% To N3.05trn In 9 Months   Consumer credit rose by 32 per cent to N3.05 trillion in the nine months to September 2023, 9M ‘23 from N2.31 trillion at the end of December 2022. The Central Bank of Nigeria, (CBN) disclosed this...

Money Supply Increased to N66.42trn in September - CBN   The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s money supply increased to N66.42 trillion in the month of September 2023, a marginal growth of about 1.94 per cent from N65.15 trillion in August 2023. The...