Banks’ Lending to Private Sector Rises to N81.04tr

Banking industry credit to the private sector rebounded marginally in May 2026, rising by 0.56 per cent to N81.041 trillion from N80.585 trillion recorded in April, according to the latest monetary statistics released by the Central Bank of Nigeria (CBN).
The increase came after a decline in April and signals a modest recovery in lending to businesses and households, although credit levels remain below the record highs recorded earlier in the year. this is as the amount of cash outside the banks rose to its highest level in the course of the month.
CBN data showed that credit to the private sector stood at N81.041 trillion in May, up from N80.585 trillion in April. However, private se...