Why Nigerians Are Borrowing Less According To Report || Money Gist. ‪@whitestringsmedia‬

Consumer credit fell for the first time in six years but private sector lending is still growing. Nigeria's consumer credit declined by 19.89% in 2025, marking the first annual drop in six years, according to the Central Bank of Nigeria (CBN). The report shows high interest rates reduced household borrowing, with total consumer credit falling from N4.72 trillion to N3.78 trillion. While personal loans declined, retail lending grew strongly to become the largest segment of consumer credit. Despite weaker consumer borrowing, private sector credit continued to expand, highlighting a shift in banks' lending patterns under the CBN's tight monetary policy. Subscribe to Money Gist ‪@whitestringsmedia‬ for updates on Nigeria's economy, banking, business, and financial markets. #CBN #ConsumerCredit #Nigeria #InterestRates #Banking #Loans #Economy #MoneyGistTV #Finance #BusinessNews #PrivateSector #MoneyGist #OluyemisiDada #WhitestringsMedia #Naira