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Nigeria Economic Hardship: CBN Reveals Nigerians Borrowed N470 Billion in Personal Loans
Nigerians borrowed N470 billion in personal loans in Q4 2024, according to the CBN. Personal loans surged by 21.27%, driving overall consumer credit growth. While personal loans dominated, retail loans declined, reflecting changing borrowing trends. Experts warn of long-term financial risks due...- Nigeria News
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- 2 min read
- cbn report consumer credit growth nigerians borrowing personal loans q4 2024
- Category: Business
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