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Consumer Lending in Nigeria

  • ID: 4438547
  • Report
  • October 2019
  • Region: Nigeria
  • 9 pages
  • Euromonitor International
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The Nigerian economy is mainly a cash and carry economy with a very weak credit culture, which has contributed to the slow pace of economic development over the years. Consumers make most of their purchases on a cash and carry basis due to the lack of trust and confidence between merchants and buyers. Although there are a few merchants that offer consumers credit to pay later, this is restricted to a small segment of the population who are mostly salary earners in selected organisations.

The author's Consumer Lending in Nigeria report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Consumer Credit, Mortgages/Housing.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Consumer Lending market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
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Consumer Lending in Nigeria

List of Contents and Tables
Executive Summary
Sluggish Economy and Cash Culture Impedes Gross Lending
Alternative Financial Service Providers Support Growth, Supported by Easier Consumer Credit History Checks
Note: Product cover images may vary from those shown
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