Private Sector Credit in Nigeria increased to 26412742.87 NGN Million in November from 25797653.23 NGN Million in October of 2019. Private Sector Credit in Nigeria averaged 9763590.76 NGN Million from 2000 until 2019, reaching an all time high of 26412742.87 NGN Million in November of 2019 and a record low of 440872.30 NGN Million in January of 2000. source: Central Bank of Nigeria (CBN)
Private Sector Credit in Nigeria is expected to be 25000000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Sector Credit in Nigeria to stand at 26000000.00 in 12 months time. In the long-term, the Nigeria Private Sector Credit is projected to trend around 31091401.00 NGN Million in 2020, according to our econometric models.