27 June 2018 ( Lagos ) :According to the Central Bank of Nigeria (CBN) credit conditions survey, lending conditions improved in the second quarter of the year. The CBN revealed that both secured and unsecured credit to households increased q/q, supported by slightly healthier banking liquidity and strengthening risk appetite in the economy.

Amid this, demand for credit also ticked up during the period, an understandable trend given the gradual improvements observed in the Nigerian economy. However, the apex bank revealed that loan pricing remained flat as the spread between lending rates and the monetary policy rate stayed unchanged q/q. 

Analysts highlight that any improvement in Nigeria’s credit market would be a boon for the economy, and they expect this trend to persist in H2’18 amid a healthier macroeconomic picture. 

Source: Analysts at Vetiva Capital Management Limited.

Reporting for EasyKobo on Wednesday, 27 June 2018 in Lagos, Nigeria