Nigeria's Private Sector Credit Drops 15% in July

The Central Bank of Nigeria reported a 15.3% month-on-month decline in private sector credit, falling to N33.9 trillion in July from N40.03 trillion in June.

3 Sept, 06:26 — 3 Sept, 06:26

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vanguard-ngMixed1d ago

Credit to private sector declines 15% in July

By Elizabeth Adegbesan Credit to the private sector declined month-on-month (MoM) by 15.3 percent to N33.9 trillion in July 2026 from N40.03 trillion in June 2026. The Central Bank of Nigeria, CBN, disclosed this in its Money and Credit Statistics Data for the review period. Breakdown of the data also shows that credit to government […] The post Credit to private sector declines 15% in July appeared first on Vanguard News.

By Urowayino Jeremiah

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Nigeria's Private Sector Credit Drops 15% in July

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Credit to private sector declines 15% in July

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