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 from N76.14tn in June 2025, underscoring a steady slowdown in credit expansion.
On a year-on-year basis, the August 2025 figure was 1.5 per cent higher than the N74.73tn recorded in August 2024, showing only a modest improvement compared with last year.
Net domestic credit stood at N98.97tn in August 2025, lower than N99.86tn in June and well below the N105.88tn recorded in August 2024, reflecting a broad contraction in credit across the economy.
Monthly trends show that credit to the private sector was relatively strong at the start of 2025, with N77.38tn in January.
It slipped to N76.26tn in February and N75.98tn in March before climbing to N78.08tn in April, the year’s peak. From May, the numbers weakened: credit fell to N77.83tn, dropped again to N76.14tn in June, and eventually slid to N75.83tn in August, marking a clear downward trajectory.
