
Consumer Credit in Nigeria
Description
Demand for formal consumer credit in Nigeria continues to be affected by low access to credit among households operating within the informal economy. Although the government lifted restrictions on foreign-denominated cards in 2023, the ongoing depreciation of the Naira dampened demand for foreign-denominated credit cards. The situation was exacerbated by rising interest rates from the Central Bank to tackle rising inflation. Higher interest rates effectively reduced demand for large loans, inclu...
Euromonitor International's Consumer Credit in Nigeria report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Consumer Credit market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International's Consumer Credit in Nigeria report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Consumer Credit market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
13 Pages
- Consumer Credit in Nigeria
- Euromonitor International
- January 2025
- List Of Contents And Tables
- CONSUMER CREDIT IN NIGERIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Consumer lending rises despite restrictive monetary policies
- BNPL is changing the dynamics in other personal lending
- More financial operators launch digital lending solutions
- PROSPECTS AND OPPORTUNITIES
- Consumer lending will remain under pressure
- Digitalisation will continue transforming the consumer credit industry
- Buy Now Pay Later payment solutions likely to expand
- CATEGORY DATA
- Table 1 Consumer Credit: Outstanding Balance by Category: Value 2019-2024
- Table 2 Consumer Credit: Outstanding Balance by Category: % Value Growth 2019-2024
- Table 3 Consumer Credit: Gross Lending by Category: Value 2019-2024
- Table 4 Consumer Credit: Gross Lending by Category: % Value Growth 2019-2024
- Table 5 Forecast Consumer Credit: Outstanding Balance by Category: Value 2024-2029
- Table 6 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2024-2029
- Table 7 Forecast Consumer Credit: Gross Lending by Category: Value 2024-2029
- Table 8 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2024-2029
- CONSUMER LENDING IN NIGERIA
- EXECUTIVE SUMMARY
- Consumer lending in 2024: The big picture
- Government expands initiatives to boost access to credit
- BNPL is reshaping personal loan lending
- What next for consumer lending?
- MARKET DATA
- Table 9 Consumer Lending: Outstanding Balance by Category: Value 2019-2024
- Table 10 Consumer Lending: Outstanding Balance by Category: % Value Growth 2019-2024
- Table 11 Consumer Lending: Gross Lending by Category: Value 2019-2024
- Table 12 Consumer Lending: Gross Lending by Category: % Value Growth 2019-2024
- Table 13 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
- Table 14 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
- Table 15 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
- Table 16 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
- Table 17 Forecast Consumer Lending: Outstanding Balance by Category: Value 2024-2029
- Table 18 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2024-2029
- Table 19 Forecast Consumer Lending: Gross Lending by Category: Value 2024-2029
- Table 20 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.