According to the most recent monetary and credit data made public by the Central Bank of Nigeria, private sector credit in Nigeria grew slightly in December 2025 to reach N75.8 trillion from N74.63 trillion in November.
Though credit levels stay below the N78.02 trillion reported in December 2024, the month-on-month rise of about N1.17 trillion points to a slow revival of lending activity following several months of muted performance.
The News Chronicle gathered that the late-year surge results from the first impacts of recent interest rate changes designed to alleviate liquidity problems inside the banking system. Lenders still, nevertheless, remain wary, as high interest rates and macroeconomic uncertainties keep driving credit decisions.
Starting the year at N77.3 trillion, rising in April to N78.07 trillion, and then steadily falling from May in light of harsh financial circumstances and increased risk aversion, data indicates that private sector credit showed significant swings in 2025. Although the December gain suggests fresh momentum, it falls short of a full recovery.
Driven mostly by more government borrowing together with erratic credit flow to companies and households, net domestic credit also soared dramatically to N110.05 trillion in December from N100.98 trillion in November.
In September, the CBN cut its monetary policy rate to 27 percent, which it kept in November while changing liquidity restrictions. Rising to N124.4 trillion in December, broad money supply indicated higher liquidity throughout the financial system as well.
