Advertisement As Nigeria grapples with a challenging economic environment, the recent Economic Report for the Second Quarter of 2023 by the Central Bank of Nigeria (CBN) reveals a concerning trend—Nigerians have borrowed approximately N290 billion from banks in just three months. Consumer Credit Surge According to the report, consumer credit, encompassing personal and retail loans, … Continue reading Rising Consumer Debt: Nigerians Borrow N290bn in Three Months Amid Economic Struggles