• Consumer Loans Surge as Nigerians Struggle with Inflation
• Nigerians Borrow ₦3.9bn as Inflation Heightens - CBN

CBN Report: Consumer Loans Surge as Nigerians Struggle with Inflation

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  admin / 10 months
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Nigerians are increasingly turning to loans to survive as inflation rises, according to a report by the Central Bank of Nigeria (CBN). Consumer credit rose by 12% to nearly ₦3.9 billion in January 2024, driven largely by soaring inflation. The CBN’s latest economic report revealed that total outstanding consumer credit reached ₦3,823 billion in January […]