Amid biting hardship, loans taken by Nigerians from banks hit N3.8tr

As Nigerians battle rising inflation and economic hardship, loans taken by Nigerians from banks rose to N3.82 trillion in January.

This was 11.9 percent higher than the N2.64 trillion recorded in December 2023.

The Central Bank of Nigeria’s (CBN) disclosed this in its monthly Economic report posted on its official website on Monday.