Businesses borrow more as private sector credit swells to N83.43 trillion

In Nigeria, businesses are borrowing more money, leading to an increase in private sector credit. From April to July 2026, the total amount of credit grew by about N2.84 trillion, rising from N80.59 trillion in April to N83.43 trillion in July. This means that companies are taking out more loans to support their operations and growth.

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