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USD/NGN 1,330.27 ▴0.2%GBP/NGN 1,777.88 ▾0.3%USD/NGN black market ₦1,392GBP/NGN black market ₦1,880
USD/NGN 1,330.27 ▴0.2%GBP/NGN 1,777.88 ▾0.3%USD/NGN black market ₦1,392GBP/NGN black market ₦1,880

Banks’ lending to private sector drops by N10trn in 7 months

Credit to Nigeria’s private sector declined by about N10.3 trillion over seven months, falling from N93.74 trillion in January to N83.43 trillion as of July this year, according to the money and credit statistics data…

Aggregated · originally by Daily Trust
18 Sept 2026, 07:31 WAT · 3 min read
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Banks’ lending to private sector drops by N10trn in 7 months

Credit to Nigeria’s private sector declined by about N10.3 trillion over seven months, falling from N93.74 trillion in January to N83.43 trillion as of July this year, according to the money and credit statistics data…