High rates, tight lending drive N939bn slump in Nigeria’s consumer credit

…raises concerns over household spending, manufacturing growth, jobs Nigeria’s consumer credit market contracted by N939 billion in 2025 as high read more High rates, tight lending drive N939bn slump in Nigeria’s consumer credit

The Briefing Africa

August 11, 2026 · 07:50 · 5 min read

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High rates, tight lending drive N939bn slump in Nigeria’s consumer credit

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High rates, tight lending drive N939bn slump in Nigeria’s consumer credit