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… Africa accounts for 94% of the total $3.18 billion …Increasing hardship is fueling a surge in lending in the telecommunications sector Daud Olatunji Mobile phone users in Nigeria and other emerging markets borrowed airtime worth $3.18 billion (about 4.61 trillion naira) in 2025, underscoring the growing reliance on short-term digital loans amid worsening economic conditions. This was revealed in …

By Melissa Maker Curatorial Team Posted June 14, 2026 23:56 2 minutes reading Reduce the font size of the article Increase the font size of articles Curators independently decide what topics and products we feature. When you purchase items through our links, we may earn a commission. Promotions and products are subject to availability and retailer conditions. Shopping for an …

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