Nigerians are increasingly borrowing to build houses — CBN

·Other lendings rise, lenders report low default rates

By Elizabeth Adegbesan

Credit for house purchase by households increased to 9.6 index points in the second quarter of 2026 (Q2’26), indicating that Nigerians are intensively borrowing to purchase personal houses.

The Central Bank of Nigeria, CBN, disclosed this yesterday in its Credit Condition Survey Report for Q2’26 noting that lenders indicated increasei n credit availability for secured, unsecured, and corporate lending during the period.

The apex bank also noted that lenders reported lower default rates in Q2’26.