Nigeria: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 75845.34 billion Nigerian Naira as of September 2024, an increase compared to the previous value of 74731.69 billion Nigerian Naira. Historically, the average for Nigeria from January 2000 to September 2024 is 16791.98 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 Sep | 75845.34 |
| 2024 Aug | 74731.69 |
| 2024 Jul | 75508.82 |
| 2024 Jun | 73191.95 |
| 2024 May | 74312.12 |
| 2024 Apr | 72916.94 |
| 2024 Mar | 71211.27 |
| 2024 Feb | 80863.02 |
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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 | 5 | 2022 | index points |
| USD exchange rate | 1,502.4907 | 2/2025 | Local Currency Units per USD |
| Money supply (broad money) | 108,945.39 | 9/2024 | billion |
| Consumer Price Index (CPI) | 847.1421 | 11/2024 | index points |
| Inflation, monthly | 2.64 | 11/2024 | percent |
| Inflation, annual | 34.60 | 11/2024 | percent |
| Private sector credit | 75,845.34 | 9/2024 | billion |
| Deposit interest rate | 13.78 | 9/2024 | percent |
| Business credit interest rate | 16.75 | 9/2024 | percent |