Finance

Nigeria Private Credit Hits N94.6tn Record as Gov Borrowing Soars

Central Bank of Nigeria data shows private sector credit surging to a record N94.61 trillion in February 2026 from N93.74 trillion in January, while net claims on government climbed to N39.36 trillion. This synchronized growth contrasts 2025's tight liquidity and range-bound trends, with CPS expanding N18.35 trillion YoY and government credit up N12.25 trillion, signaling broad balance sheet expansion.