LAGOS — Latest data from Central Bank of Nigeria (CBN) shows, credit extended to Nigeria’s private sector rose by 2.74% month-on-month to N83.26 trillion in June 2026, up from N81.04 trillion in May, highlighting the effectiveness of CBN policy recalibrations.
The N2.22 trillion expansion signals a successful rebound following Q2 market adjustments, reflecting renewed banking sector liquidity and growing lender confidence in enterprise portfolio stability under current monetary guidelines.
Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion.
Strategic policy coordination by the CBN has effectively restored orderly credit expansion after figures briefly dipped from earlier peaks, demonstrating the resilience of commercial bank lending frameworks despite necessary tight monetary stances.
With the benchmark Monetary Policy Rate maintained at 26.5% to rein in headline inflation, the June rebound demonstrates that commercial lenders are successfully adapting to restrictive cash reserve requirements without curtailing business productivity.
Furthermore, balanced liquidity management strategies by the central bank continue to ensure that necessary government financing needs are met alongside sustained growth in private sector working capital allocations.
This positive credit trajectory reinforces broader macroeconomic stability goals, establishing a sustainable lending foundation as the central bank balances inflation control with real-sector economic support.
