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

Credit to the private sector has increased significantly, reaching N83.43 trillion in July. This represents a rise of about N2.84 trillion from the N80.59 trillion recorded in April.

The increase in credit suggests that businesses are borrowing more. Further details on this development are available from the source.

The source reports the credit increase between April and July, providing a snapshot of private sector borrowing during this period.