Nigeria’s credit market nears 10,000 in Q1
Nigeria recorded an average of 9,611 debtors in the first quarter of 2026, but the figure was still 88.5 per cent lower than the average recorded in the fourth quarter of 2025, raising concerns among analysts about a widening gap between credit growth and access to financing for business expansion and investment, writes ARINZE NWAFOR Read More:…
Nigeria's credit market has seen a significant increase in the number of debtors in the first quarter of 2026, with an average of 9,611 debtors, up 52.2 per cent year-on-year. However, this growth is still 88.5 per cent lower than the average recorded in the fourth quarter of 2025, raising concerns about the widening gap between credit growth and access to financing for business expansion and investment.
While the number of individuals as debtors has risen, businesses have not experienced similar growth, with their debtors remaining far below the levels recorded during the Q4 2025 peak.
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