The Central Bank of Nigeria (CBN) disclosed this in its Credit Condition Survey Report for Q2’26, noting that lenders reported increased credit availability for secured, unsecured, and corporate lending during the period.
The apex bank also noted that lenders reported lower default rates in Q2’26.
According to the report, credit demand rose to 15.1 index points for secured lending and 15.2 index points for corporate lending, while unsecured lending remained subdued at -1.2 index points.
Consumer loans to households rose to 11.2 index points, credit for house purchases climbed to 9.6 index points, and lending for small businesses to households jumped to 26.4 index points. Mortgage/re-mortgage lending from households also increased, hitting 13.3 index points.
On unsecured lending, the CBN noted that overdraft/personal loans to households rose to 7.9 index points, while credit card lending from households declined to -2.0 index points.
On corporate lending, the apex bank said lending to small businesses, Medium Private Non-Financial Corporations (PNFCs), and Large PNFCs increased to 26.5, 25.5, and 8.9 index points respectively.
However, credit to Other Financial Corporations (OFCs) remained unchanged at 0.0 index point.
The CBN added that lenders reported a decline in default rates across secured and unsecured lending, as well as across all corporate lending categories, including small businesses, Medium PNFCs, Large PNFCs, and OFCs.
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