CBN: Nigerians suspend investments, house purchases as living costs bite harder
Nigerian households became more pessimistic about economic and family financial conditions in September 2026, while their appetite for major purchases weakened. The post CBN: Nigerians suspend investments, house purchases as living costs bite harder appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) Household Expectations Survey revealed that Nigerian households became more pessimistic about economic and family financial conditions in September 2026, with overall consumer sentiment falling to -18.7 index points from -9.9 points in August. This decline indicates a weaker outlook among households, who remain hesitant to commit significant portions of their income to high-value purchases such as houses, motor vehicles, investments, consumer durables, and rent.
The survey projects that sentiment across most expenditure categories will improve slightly over the next six months, suggesting a gradual increase in households' willingness to spend as the economic outlook improves.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
