According to the Central Bank of Nigeria’s latest quarterly statistical bulletin, private sector credit distribution shifted significantly in the first quarter of 2026. Agriculture credit climbed to 3.86 trillion Naira by March, marking a 4 percent increase from January. Conversely, lending to the oil and gas sector contracted by 335 billion Naira to 10.58 trillion Naira, while manufacturing credit also saw a decline. Meanwhile, lending to the power and energy sector grew to 1.61 trillion Naira. Overall private sector credit expanded, reaching 59.74 trillion Naira by the end of March.