Consumer Credit Sinks To N3.78tn As High Rates Choke Household Borrowing
Households across Nigeria pulled back sharply from bank borrowing in 2025, pushing consumer credit into its first annual contraction in six years as punishing interest rates reshaped how Nigerians and their lenders approached debt. Figures contained in the Central Bank of Nigeria’s 2025 Annual Report and Statement of Accounts show that outstanding consumer credit…