Nigeria: Bank credit declines 12.8% in August
Agency Report
Nigeria’s Net Domestic Credit (NDC) fell by 12.8 percent year-on-year (YoY) to N98.97 trillion in August 2025.
The Central Bank of Nigeria’s (CBN) in its latest Money and Credit report, has said.
.This signals the impact of the apex bank’s monetary policy easing stance amid moderating inflation.
The NDC represents the total value of credit extended by deposit money banks to both the public and private sectors, and the decline reflects a cautious lending environment following months of tight liquidity and high interest rates.
A sectoral breakdown of the data from the CBN showed that bank credit to the private sector stood at N75.84 trillion, while government credit was N23.13 trillion, bringing total NDC to N98.97 trillion in August 2025.
Comparing the current data with that of August 2024, the corresponding figures stood at N74.07 trillion and N39.39 trillion respectively, with total NDC at N113.46 trillion.
Month-on-month trends showed notable fluctuations throughout 2025.
The NDC rose to N103.37 trillion in February, before plunging by 34 per cent to N68.18 trillion in March, and rebounding 49.6 per cent to N102.00 trillion in April. It later moderated to N97.79 trillion in June, before inching up by 1.2 per cent in August, the CBN stated.
