Consumer Credit
Personal Loans Rise To N2tn As Nigerians Borrow More
Personal loans obtained by Nigerians rose to an estimated N2.06tn in May 2026, as households increasingly turned to credit amid rising living costs...
Over 67,000 Nigerians Benefit from Consumer Credit Scheme, Tinubu Says
More than 67,000 Nigerians across 25 states and the Federal Capital Territory have received credit through the National Credit Guarantee Company (NCGC), President...
Argentines Turn to Fintech Loans as Household Debt Stress Hits Record
Argentina's gig workers are increasingly turning to costly digital loans to cover everyday expenses, with rising household debt adding to financial pressure despite...
FCMB Increases FastCash Loan Limit to N500,000
By Benson Daniel First City Monument Bank has increased the maximum amount available under its FastCash instant loan facility to N500,000, giving eligible...
Nigeria’s Consumer Credit Falls 20% to ₦3.8tn
By Benson Daniel Consumer credit in Nigeria declined by 20 per cent to ₦3.8 trillion, reflecting slower household borrowing amid high interest rates,...
CREDICORP Unveils Device Financing Plan for Nigerian Youths
By Benson Daniel The Nigerian Consumer Credit Corporation (CREDICORP) has introduced a new device financing initiative aimed at expanding access to digital tools...
