The demand for bank loans by consumers in Nigeria has risen to the highest in nearly four years as rising inflationary pressures squeezed incomes, available official data show.
Consumer credit rose by 16.9 percent to N2.99 trillion in August from N2.56 trillion in the previous month, according to
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
