Nigerians’ outstanding personal loans increased by an estimated N58.5bn in the second quarter of 2026, reaching N1.99tn at the end of June, as households faced persistent inflationary pressures and high borrowing costs. An analysis by The PUNCH of the Central Bank of Nigeria’s Second Quarter 2026 Economic Report showed that personal loans rose by 3.03
NiDCOM Hails ‘Record’ $1.57bn Diaspora Remittance Inflows Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM) has welcomed the record $1.57 billion inflow through International Money Transfer Operators (IMTOs) in the second quarter of 2026, describing the development as a strong indication of the continued contribution of Nigerians in the diaspora to the nation’s economic growth and stability.
Nigerian banks are facing pressure to translate the N4.65tn raised through the recapitalisation exercise into increased lending to businesses, particularly manufacturers, following concerns that stronger capital bases have yet to deliver the financing needed to expand domestic production. The Chief Executive Officer of the Nigerian Economic Summit Group, Tayo Aduloju, said bank credit to manufacturers
As one of Lebanon's most vulnerable communities, Palestinians are struggling to make ends meet.
Absa Bank Ghana is expanding access to personal loans with its Instant Loans solution, allowing eligible salaried customers to borrow up to GH¢350,000 through the Bank’s digital banking platforms. Director of Personal and Private Banking at Absa Bank Ghana, Charles Addo, said the solution forms part of the Bank’s efforts to make banking services more responsive to customers’ needs and expectations.
Nigeria’s solid minerals revenue rose by 95.2 per cent to N101.11bn in the first nine months of 2026, compared with N51.79bn recorded in the corresponding period of 2025, as increased mineral royalty payments boosted government receipts from the sector. Data from the Central Bank of Nigeria’s solid minerals revenue collection report, analysed on Sunday, showed
This article does exactly 3 things: Peg the macroeconomic data side by side with the statements made Examine the prospects of the Government’s New baby “New Economy” And most importantly, whether the policies and promised 24hr economy have achieved the intended purpose of reducing the unemployment rate And finally, what the state of unemployment looks like, which was the main issue at hand for which this government was voted into power: a promised 3-shift job system that will create employment and expand economic growth in key sectors. According to the Ghana Statistical Service (GSS), the…