Number Of Nigerians Using Assets To Get Loans Jumps 45.8% In One Year

The number of debtors recorded in the Central Bank of Nigeria’s (CBN) National Collateral Registry rose by 45.8 per cent in one year to 10,192 in June 2026, as more individuals and businesses borrowed against movable assets.
Data from the CBN’s second-quarter 2026 statistical bulletin showed that the number of debtors increased from 6,988 in June 2025 to 10,192 in June 2026. Individuals accounted for the largest share, while microfinance banks remained the dominant creditor category.
A breakdown showed that the number of individual debtors rose by 45.4 per cent, from 5,889 to 8,560 over the period. Medium-sized business debtors increased to 789 from 505, while large business debtors r...