Nigeria: Private sector credit

* indicates monthly or quarterly data series

Private sector credit, billion currency units

 Latest value 80863.02
 Reference February 2024
 Measure billion Nigerian Naira
 Data availability January 2000 - February 2024
 Average 15411.42
 Min - Max 440.87 - 80863.02
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from January 2000 to February 2024. The average value for Nigeria during that period was 15411.42 billion Nigerian Naira with a minimum of 440.87 billion Nigerian Naira in January 2000 and a maximum of 80863.02 billion Nigerian Naira in February 2024. Click on the following link to see the values of Private sector credit, billion currency units around the world.
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* indicates monthly or quarterly data series

Recent values chart
Nigeria - Private sector credit - recent values

Historical chart
Nigeria - Private sector credit - historical chart - 2000-2024
Measure: billion Nigerian Naira
Source: Central Bank of Nigeria

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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 value Reference Measure
 Inflation 18.8 2022 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
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