Nigerians borrow N3.9tn as economic crisis bites harder
According to the Central Bank of Nigeria, Nigerians affected by the rising cost of living obtained credit facilities worth N3.82tn from banks as of January 2024, with an analysis of the latest monthly economic report posted on its website revealing that the total consumer credit rose by 11.9 per cent to N3.82tn in January 2024. On a year-on-year basis, the figure represented an increase of N1.41tn from N2.41tn recorded in […]
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