FG hails Nigeria’s return to FTSE Russell Frontier Market class
The federal government has welcomed the return of Nigeria’s capital market to the global frontier-market universe next month, reversing an read more FG hails Nigeria’s return to FTSE Russell Frontier Market class
Nigeria's credit market saw a slight increase in the first quarter of 2026, with an average of 9,611 debtors, according to data from the Central Bank of Nigeria. This figure marked a significant 88.5% decrease from the 83,370 quarterly average recorded in Q1 2025, raising concerns among analysts regarding the gap between credit growth and access to financing for business expansion and investment.
The increase in registered debtors was driven by individuals and businesses, with individual debtors rising 54.1% year-on-year to an average of 8,409 in Q1 2026. However, the number of business debtors remained considerably lower than the levels seen in Q4 2025. Creditors also saw an 88.5% decline in Q1 2026 compared to the previous quarter, despite a 52.2% increase in the number of creditors.
Experts attribute the improvement to monetary easing but warn that the distribution of lending remains a concern.
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- Nigeria’s credit market nears 10,000 in Q1 punchng.com
