Nigerians Borrow More As Banks Face Growing Consumer-Credit Risk
By FIDELUS ZWANSON Consumer Lending Enters a Critical Phase NIGERIA’S consumer-credit market is expanding, but the latest figures are raising questions about what is driving that growth. Personal loans reached an estimated ₦2.06 trillion in May 2026, representing 64.78 per cent of total outstanding consumer credit. The figure emerged as total consumer credit increased from […]
