150 Banks Show Interest in Consumer Credit Scheme, 40,000 Workers to Receive First Tranche About 150 banks have expressed interest in participating in the lending ecosystem for the newly launched Consumer Credit Scheme. This was disclosed by the Special Assistant to President Bola Tinubu on social...

Consumer Credit Rises By 40% To N2.1trn — CBN   The Central Bank of Nigeria (CBN) said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by a rise in the tempo...

Consumer Credit Hits N1.6trn In January The value of consumer credit in the Nigerian economy fell by four per cent to N1.593 trillion in January 2021. The Central Bank of Nigeria (CBN) revealed this in its monthly economic report for January. It noted that at the aforementioned...