Nigeria’s net domestic credit declined to N99.41 trillion in January 2025.
This was disclosed in the latest Money and Credit Statistics report by the Central Bank of Nigeria (CBN).
The data reflects a significant reduction from N115.58 trillion recorded in November 2024.
The data further revealed that net domestic credit in January 2024 stood at N99.99 trillion, while in November 2023, it was N85.35 trillion.
The CBN, however, did not provide figures for December 2024.
The decline from N115.58 trillion in November 2024 to N99.41 trillion in January 2025, shows that there has been a reduction in domestic credit issuance, which is likely due to tightening of monetary policies by the CBN or reduced borrowing demand across sectors.
