How economic uncertainties slow banks’ consumer credit

by | March 7, 2018 12:56 am

Consumer credit reduced by 3.4 per cent to N736.19 billion at the end of June 2017, compared with N762.07 billion at the end of December 2016, due to prevailing economic uncertainties which made banks more risk averse to consumer lending. Consumer credit constituted 3.54 percent of the total credit to the core private sector, and…

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