CBN: Loan Demand Rises as Banks Record Fewer Defaults in Q2...

Seven states, FCT borrow N355bn in three months

Seven Nigerian states and the FCT increased their domestic debt by N355bn in Q1 2026. Discover which states borrowed and why despite increased FAAC allocat Read More: https://punchng.com/seven-states-fct-borrow-n355bn-in-three-months/

CBN: Loan demand rises as Banks record fewer defaults in Q2...

Demand for loans from Nigerian households and businesses strengthened in the second quarter of 2026 as banks increased credit availability and recorded a decline in loan defaults across major lending categories, according to the Central Bank of Nigeria (CBN). The development was contained in the apex bank’s latest Credit Conditions Survey, which provides an assessment of lending trends across the banking sector, including credit supply, loan dem…

Nigerians are increasingly borrowing to build houses

·Other lendings rise, lenders report low default rates By Elizabeth Adegbesan Credit for house purchase by households increased to 9.6 index points in the second quarter of 2026 (Q2’26),  indicating that Nigerians are intensively borrowing to purchase personal houses. The Central Bank of Nigeria, CBN, disclosed this yesterday in its Credit Condition Survey Report for Q2’26 noting that  lenders indicated increasei n credit availability for secure…

Small Business Credit Demand Jumps 26.5% As Banks Ease Lending – CBN

Demand for credit by small businesses in Nigeria jumped by 26.5 index points in the second quarter of 2026 as banks reported higher approval rates for household and corporate loan applications, according to the Central Bank of Nigeria (CBN). The development indicates an improvement in credit conditions during the quarter, although borrowing costs moved in different directions across households, small businesses and larger companies. The findings…

More Nigerians borrow to build, buy homes as housing credit rises

The findings suggest that despite the economic pressures facing households and businesses, demand for bank credit remained strong in some key areas, particularly housing and small business financing.

The hidden cost of Nigeria’s digital lending boom

For an increasing number of Nigerian households, borrowing money is no longer primarily about buying a home, expanding a business or financing a major investment. Instead, short-term credit is becoming a means of getting through the month. From salary advances to digital micro-loans, Nigerians are increasingly turning to borrowed money to pay for food, transportation, cooking gas, school expenses and other everyday necessities as household budge…