Nigerian consumers, firms feel pinch as credit slows

Newswire

By Chijioke Ohuocha LAGOS, May 28 (Reuters) - Nigerian banks have tightened lending criteria for retail and corporate clients, pushing up the cost of doing business in Africa's most populous nation and causing consumer spending to slow, traders and economists say. Banking sector credit to the private sector grew just 0.3 percent to around 8 billion naira ($55 million) in the first quarter of the year, according to central bank figures, compared to around 25 percent growth in the same ...

Premium Content (PAID Subscription Required)

"Nigerian consumers, firms feel pinch as credit slows" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×