The federal government has set a target of expanding access to consumer credit to 500,000 Nigerians by December 2026 as it intensifies efforts to build a stronger and more inclusive credit ecosystem. The target is contained in the Nigerian Consumer Credit Corporation’s (CREDICORP) H2 2026 Outlook, published in its 2026 Impact Report. The corporation said …
U.S. banking giants reported strong fourth-quarter profits, driven by rising demand for loans from both commercial and consumer borrowers. The trend could signal healthy earnings for lenders in 2026. Bank of America (BAC) saw its average loans rise 8% year-on-year, while net interest income the difference between earnings on loans and payouts on deposits—hit a …
