{"id":9206,"date":"2026-07-24T09:41:55","date_gmt":"2026-07-24T09:41:55","guid":{"rendered":"https:\/\/ograsset.com\/?p=9206"},"modified":"2026-07-24T09:41:56","modified_gmt":"2026-07-24T09:41:56","slug":"private-sector-credit-climbs-to-n83-3tn-amid-lending-growth","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/07\/24\/private-sector-credit-climbs-to-n83-3tn-amid-lending-growth\/","title":{"rendered":"Private sector credit climbs to N83.3tn amid lending growth"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"359\" src=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/07\/July-244.png\" alt=\"\" class=\"wp-image-9207\" srcset=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/07\/July-244.png 640w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/07\/July-244-300x168.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Private sector credit climbs to N83.3tn amid lending growth<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Credit to Nigeria\u2019s private sector increased to N83.3tn in June 2026, representing a 2.8 per cent month-on-month rise from N81tn in May, according to the latest Money and Credit Statistics released by the Central Bank of Nigeria.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The apex bank\u2019s data also showed that credit to the government declined 0.99 per cent to N40tn<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">in June from N40.4tn in May.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a result, net domestic credit rose 1.5 per cent to N123.3tn in June, compared with N121.42tn recorded in the previous month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The increase in private sector lending suggests that banks continued to extend more credit to businesses and households despite the CBN\u2019s high-interest rate environment. If sustained, stronger credit growth could support business expansion, investment and economic activity, analysts say. However, it also raises the possibility of higher inflationary pressures if credit growth exceeds the economy\u2019s productive capacity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The figures indicate that demand for financing remains strong even as the CBN maintains a tight monetary policy stance aimed at curbing inflation and stabilising prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: <a href=\"https:\/\/punchng.com\/private-sector-credit-climbs-to-n83-3tn-amid-lending-growth\/\">https:\/\/punchng.com\/private-sector-credit-climbs-to-n83-3tn-amid-lending-growth\/<\/a><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private sector credit climbs to N83.3tn amid lending growth Credit to Nigeria\u2019s private sector increased to N83.3tn in June 2026, representing a 2.8 per cent month-on-month rise from N81tn in May, according to the latest Money and Credit Statistics released by the Central Bank of Nigeria. The apex bank\u2019s data also showed that credit to&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ograsset.com\/index.php\/2026\/07\/24\/private-sector-credit-climbs-to-n83-3tn-amid-lending-growth\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":9207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-9206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fit-row"],"jetpack_featured_media_url":"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/07\/July-244.png","_links":{"self":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/comments?post=9206"}],"version-history":[{"count":2,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9206\/revisions"}],"predecessor-version":[{"id":9209,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9206\/revisions\/9209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media\/9207"}],"wp:attachment":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media?parent=9206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/categories?post=9206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/tags?post=9206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}