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New data from the CBN showed that Nigerian deposit money banks’ credit to the economy has risenOil and gas remained the largest recipient of bank lending, while manufacturing dropped sharplyFinancial services, agriculture, and trade recorded strong credit growth as bank lending improves
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Total credit extended to Nigeria’s private sector by Deposit Money Banks (DMBs) rose to N700.31 trillion in 2025, reflecting a modest increase of 1.5% from N689.98 trillion recorded in 2024.
The figures were contained in the latest Central Bank of Nigeria (CBN) statistical bulletin released on its website.
Private sector borrowing from banks rises to N700.31trn Photo: CBNSource: Facebook
Breakdown of the figures showed that banks continued to expand lending across key sectors of the economy, with oil and gas retaining its position as the largest recipient of
