
Hardship: More Nigerians opt for loans to make ends meet
*Consumer loans up 34% as inflation, naira depreciation eat up households’ income Consumer loans booked by banks’ customers rose by 34 per cent, year-on-year, to N2.64 trillion in the first half of this year, H1’23, driven by increased demand from households compelled to depend more on borrowing to survive higher cost of living. The pressure…