Personal Loans Hit N2tn as Consumer Credit Rises
By Mardiyyah Abubakar Personal loans obtained by Nigerians rose to about N2.06tn in May 2026, accounting for nearly two-thirds of total consumer credit, according to the Central Bank of Nigeria. The figure represented 64.78 per cent of the N3.18tn consumer credit outstanding during the month. Report from the CBN says total consumer credit increased by […]
FG Seeks $1.5bn World Bank Loans
By Julian Osamoto The Federal Government is seeking $1.5bn in fresh World Bank financing for climate resilience, social protection and early childhood development as Nigeria’s public debt rises to a record N166.79tn. World Bank documents show that the proposed financing comprises three separate $500m facilities, with the projects at different stages of preparation and approval. […]