Nigeria: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 73124.13 billion Nigerian Naira as of June 2024, a decline compared to the previous value of 74312.12 billion Nigerian Naira. Historically, the average for Nigeria from January 2000 to June 2024 is 16194.09 billion Nigerian Naira. The minimum of 440.87 billion Nigerian Naira was recorded in January 2000, while the maximum of 80863.02 billion Nigerian Naira was reached in February 2024.
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* indicates monthly or quarterly data series
- Measure: billion Nigerian Naira
- Source: Central Bank of Nigeria
| Recent values | Nigeria: Private sector credit, billion currency units |
|---|---|
| 2024 Jun | 73124.13 |
| 2024 May | 74312.12 |
| 2024 Apr | 72916.94 |
| 2024 Mar | 71211.27 |
| 2024 Feb | 80863.02 |
| 2024 Jan | 76479.59 |
| 2023 Dec | 62538.68 |
| 2023 Nov | 59685.12 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 24.7 | 2023 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| USD exchange rate | 772.6651 | 9/2023 | Local Currency Units per USD |
| Money supply (broad money) | 66,174.92 | 9/2023 | billion |
| Consumer Price Index (CPI) | 606.0018 | 9/2023 | index points |
| Inflation, monthly | 2.10 | 9/2023 | percent |
| Inflation, annual | 26.72 | 9/2023 | percent |
| Private sector credit | 59,507.35 | 9/2023 | billion |
| Deposit interest rate | 8.49 | 9/2023 | percent |
| Business credit interest rate | 14.32 | 9/2023 | percent |