Nigeria Alternative Lending Business Report 2023: Market is Expected to Grow by 45.2% to Reach $212.9 Million in 2023 - Forecasts to 2028

News provided by

Nov 23, 2023, 13:00 ET

DUBLIN, Nov. 23, 2023 /PRNewswire/ -- The "Nigeria Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Alternative lending market in Nigeria is expected to grow by 45.2% on an annual basis to reach US$212.9 million in 2023.

Medium to long term growth story of alternative lending in Nigeria remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 27.4% during 2023-2027. The alternative lending market in the country will increase from US$146.6 million in 2022 to reach US$560.4 million by 2027.

Embark on a detailed exploration of the alternative lending market with our latest report, dissecting key economic indicators to provide a holistic view of this dynamic landscape. Delve into the alternative lending market's expansive horizons, from overall market size and forecasts to granular analyses of end-user segments, diverse finance models, and payment instrument intricacies.

This report helps in navigating the nuanced relationships between payment instruments and lending models, offering a detailed breakdown of transaction dynamics. Uncover the multifaceted nature of loans, from personalized B2C offerings like payroll advances to strategic B2B solutions like lines of credit. Complementing these insights, delve into consumer attitudes and behaviors, decoding the impact of age, income, and gender on financial choices.

This report provides a thorough knowledge of alternative lending market dynamics, market size and forecast with more than 75+ KPIs. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.

This report offers a comprehensive insight into the alternative lending market in Nigeria, covering the following key areas:

Comprehensive Market Intelligence
Economic Indicators
Industry Attractiveness Analysis
Strategic Segmentation Analysis
Growth Projections
Loan Type Analysis
Consumer Attitude and Behaviour Analysis

Scope

Nigeria Alternative Lending Market Size and Forecast by Loan Types

B2C Loans
Personal Loan
Payroll Advance
Home Improvement
Education/Student Loans
Point of Sale
Auto Loans
Medical Loans
B2B Loans
Lines of Credit
Merchant Cash Advance
Invoice Factoring
Revenue Financing

Nigeria Alternative Lending Analysis by Consumer Attitude and Behaviour

By Age
By Income
Gender

Nigeria Economic Indicators

Gross Domestic Product at Current Prices
Population
Unbanked Population
Unemployment Rate
Loan Default Rate

Nigeria Alternative Lending Market Size and Forecast

Transaction Value
Average Transaction Value
Transaction Volume

Nigeria Alternative Lending Market Size and Forecast by End User

End User - Business
End User - Consumer

Nigeria Alternative Lending Market Size and Forecast by Finance Models

P2P Marketplace Consumer Lending
P2P Marketplace Business Lending
P2P Marketplace Property Lending
Balance Sheet Consumer Lending
Balance Sheet Business Lending
Balance Sheet Property Lending
Invoice Trading
Debt Based Securities
Equity Based Crowd Funding
Real Estate Crowd funding

Nigeria Alternative Lending Market Size and Forecast by Payment Instrument - Transaction Value, Volume and Average Value

Cash
Cheques
Credit Transfer
Direct Debits
Debit Card
Credit Card
E- Money

Nigeria Alternative Lending Market Size and Forecast by Payment Instrument to Model

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending

Cash
Cheques
Credit Transfer
Direct Debits
Debit Card
Credit Card
E- Money

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading

Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities

Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding

Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding

For more information about this report visit https://www.researchandmarkets.com/r/16u50h

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets