Personal loans from financial institutions rise as inflation bites harder

Tribune Online
Personal loans from financial institutions rise as inflation bites harder

EVIDENCE has emerged that Nigerians affected by the rising cost of living are obtaining credit facilities from financial institutions to fund their daily expenditures. This is evident in the 14.3 percent increase in personal loans, which rose from N2.648 trillion in December 2023 to N3.028 trillion, according to the Central Bank of Nigeria. Personal loans […]

Personal loans from financial institutions rise as inflation bites harder
Tribune Online

​Tribune Online
Personal loans from financial institutions rise as inflation bites harder
EVIDENCE has emerged that Nigerians affected by the rising cost of living are obtaining credit facilities from financial institutions to fund their daily expenditures. This is evident in the 14.3 percent increase in personal loans, which rose from N2.648 trillion in December 2023 to N3.028 trillion, according to the Central Bank of Nigeria. Personal loans
Personal loans from financial institutions rise as inflation bites harder
Tribune Online