Nigeria's Loan Growth To Slow In H224 But Remain Considerably Above Trend
Banking & Financial Services / Nigeria / Mon 04 Mar, 2024
Key View
- We anticipate that Nigeria’s client loan growth will slow from an estimated 55.0% y-o-y at end-2023 to 45.0% at end-2024, although still boosted by inflation and currency depreciation. This trend will be observed in asset and deposit growth too.
- The central bank has been actively working to mitigate currency depreciation with