CBN: Banks credit to finance sector jumps to N9.8 trillion in March
Credit extended by Nigerian deposit money banks to the finance, insurance and capital market sector rose to N9.80 trillion in March 2026, while credit to government reached N3.38 trillion. The post CBN: Banks credit to finance sector jumps to N9.8 trillion in March appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) reported that banks extended N9.80 trillion in credit to the finance, insurance and capital market sector in March 2026. This marks a significant increase from N9.03 trillion in January and N9.16 trillion in February. The credit to government reached N3.38 trillion during the same period. The expansion in credit across sectors occurred despite high borrowing costs, persistent inflationary pressures and exchange rate volatility.
According to the CBN's Q1 2026 Statistical Bulletin, credit allocation to various sectors was not uniform, with trade and general commerce, finance and related activities, and other sectors recording notable movements. The increase in bank lending was driven in part by easing in the cost of funds following changes in the CBN's monetary policy stance. However, lending conditions remained influenced by broader economic pressures.
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