Low retail demand, interest increases plunge consumer credit by 17% to N3.54trn
[Vanguard - Nigeria] - 10/11/2025
By Elizabeth Adegbesan Decline in retail demand has triggered a 17 percent month-on-month (MoM) fall in Consumer credit to N3.54 trillion in July 2025 from N4.27 trillion as at June 2025. According to the breakdown in July 2025 Economic Report of the Central Bank of Nigeria, CBN, the consumer (…)
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