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

By : Elijah TobsMay 7, 2026 • 9:40 AMFinance
Nigeria Private Credit Hits N94.6tn Record as Gov Borrowing Soars
Source: Pexels

The Core Insight

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.

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Elijah Tobs
AT
The Mind Behind The Insights

Elijah Tobs

A seasoned content architect and digital strategist specializing in deep-dive technical journalism and high-fidelity insights. With over a decade of experience across global finance, technology, and pedagogy, Elijah Tobs focuses on distilling complex narratives into verified, actionable intelligence.

Learn More About Elijah Tobs

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#cbn#nigeria economy#credit growth#bank lending#government debt#monetary policy
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Nigeria Private Credit Hits N94.6tn Record as Gov Borrowing Soars | Kodawire