High Interest Rates Push Nigeria’s Consumer Loans Down for the First Time in Six Years
Nigeria’s consumer credit fell in 2025 for the first time in six years as high interest rates discouraged many households ...
Tag: Private Sector Credit
Nigeria’s Private Sector Credit Hits N83.3 Trillion in June Despite CBN’s 26.5% Rate
Nigeria's private sector continued to increase its borrowing in June despite the Central Bank of Nigeria (CBN) maintaining its benchmark ...
Nigerian Banks Keep Oil and Gas as Top Lending Sector Despite Manufacturing Decline
Nigeria’s banking sector continued to channel the largest share of its loans to the oil and gas industry in 2025, ...
AfDB Flags Weak Private Sector Credit as Nigeria Seeks Growth
The African Development Bank (AfDB) has raised concerns over the limited flow of credit to Nigeria's private sector, warning that ...
Nigeria’s Business Lending Remains Low as Banks Prioritise Safer Investments – AfDB
The African Development Bank (AfDB) has raised concerns about the low level of lending by Nigerian banks to businesses, revealing that credit ...
Nigeria Banking Liquidity Jump Outpaces Private Sector Credit Expansion
Nigeria's banking system recorded a significant surge in liquidity in the first quarter of 2026, but the increase has not ...
N48tn Financing Gap Threatens Nigerian Small Businesses
The Centre for the Promotion of Private Enterprise (CPPE) has raised a significant alarm over the persistent stagnation of credit ...
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