Nigeria’s Consumer Credit Falls 19.89% to N3.78tn as High Interest Rates Curb Borrowing
Nigeria’s consumer credit fell by 19.89 per cent to N3.78tn in 2025 from N4.72tn recorded a year earlier, marking the ...
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Tag: #ConsumerCredit
Consumer Credit Drops by N780bn as High Interest Rates Weigh on Household Borrowing
Outstanding consumer credit in Nigeria declined by N780 billion in February 2026 as high borrowing costs continued to discourage households ...
Read moreRetail Lending Declines as Consumer Credit Rises to N3.81tn
Retail lending declined in January 2026 despite continued growth in consumer and personal loans, reflecting tighter liquidity conditions in the ...
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FG Inaugurates CREDICORP Board, Targets 50% Consumer Credit Access by 2030
Vice President Kashim Shettima has inaugurated the Board of the Nigerian Consumer Credit Corporation (CREDICORP), describing access to consumer credit ...
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