The Central Bank of Nigeria’s latest Credit Conditions Survey reveals that Nigerian banks eased credit supply and saw an uptick in loan demand during the second quarter of 2026. Data indicates higher approval rates for corporate and secured loans, alongside a notable decline in default rates across household and business segments. This trend coincides with an increase in private sector credit, which rose to N83.26 trillion in June 2026, even as interest rate spreads narrowed for most lending categories.