By Adedapo Adesanya Private sector credit extension (PSCE) increased by 66 per cent year-on-year to N7.12 trillion as of the end of March 2024, the latest data from the Central Bank of Nigeria (CBN) showed. This marks a deceleration compared with the growth of 94 per cent year-on-year recorded in the previous month. On a month-on-month basis, PSCE extension declined by 12 per cent indicating that previous policy rate hikes by the Monetary Policy Committee (MPC) are starting to be transmitted through the economy. Recall that Nigeria’s headline inflation has risen rapidly since December 2022. The latest headline reading showed
Private Sector Credit Extension Rises to N71.2trn
