Credit Crunch Hits Businesses and Households | Nigeria News

Credit extended to businesses and households plunged 15% in July, signaling a tightening of lending that’s slowing economic activity. Banks are pulling back, making it harder for people and companies to borrow — a trend that’s affecting both spending and investment. This isn’t a fluke; it’s a growing pattern that could reshape the economy’s direction in the months ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7c0d26d8ff7a9fb6