NewsBreakNigeria
USD/NGN 1,331.01GBP/NGN 1,759.40USD/NGN black market ₦1,390GBP/NGN black market ₦1,850EUR/NGN 1,491.75JPY/NGN 8.42CAD/NGN 935.30
USD/NGN 1,331.01GBP/NGN 1,759.40USD/NGN black market ₦1,390GBP/NGN black market ₦1,850EUR/NGN 1,491.75JPY/NGN 8.42CAD/NGN 935.30

Despite High Interest Rates, Consumers Say Loan Apps Remain Lifeline

Despite punishing interest rates, Nigerian consumers say digital loan apps remain a lifeline, giving households and small businesses fast cash when incomes cannot cover urgent expenses, even as analysts warn that the…

Aggregated · originally by Leadership
10 Oct 2026, 04:31 WAT · 3 min read
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Despite High Interest Rates, Consumers Say Loan Apps Remain Lifeline

Despite punishing interest rates, Nigerian consumers say digital loan apps remain a lifeline, giving households and small businesses fast cash when incomes cannot cover urgent expenses, even as analysts warn that the…