Money market

Pressure on banks over consumer loans money market

Pressure on banks over consumer loans money market

By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted that lenders expect to tighten the conditions for which loans are given to borrowers […]