CBN says Nigerians borrowed N470bn in personal loans in Q4 2024

The Central Bank of Nigeria (CBN) has disclosed that Nigerians took personal loans worth N470 billion from banks in the last quarter of 2024. According to the Fourth Quarter 2024 Economic Report released by the apex bank, consumer credit outstanding increased by 11.06%, rising from N4.25 trillion at the end of September 2024 to N4.72 … [Read more…]