Hidden Debts, Bad Loans Stopping New Credits - W/Bank   The World Bank Group has said non-performing loans and hidden debts are making it difficult for banks to grant new credits to customers. In a report released yesterday, the bank disclosed that developing countries face growing risks...

Five Major Banks Post N680bn Bad Loans       Five of the major banks in the country, also known as Tier-1 banks have posted whopping N683bn non-performing loans in the 2020 financial year. According to the financial reports of the banks, released in April this year to the...

Bad Loans: Banks Reduce Consumer Credits By 11%       Lending by banks to consumers fell cumulatively by 11 percent or N100 billion to N1.4 trillion over two months – July and August 2020 – driven by pressure to curtail rising bad loans. Bankers said the development was...

Banks Recovered N50.32m Bad Loans Within Nine Days – CBN     Director, Financial Policy and Regulation at the Central Bank of Nigeria, Mr. Kevin Amugo, says Nigerian banks recovered about N50.32m bad loans from debtors within nine days after the country commenced operations of the Global...

Banks Cancel N1.9trn Bad Loans     Commercial banks have written off N1.9 trillion bad loans from their books in the last four years, a report by Agusto & Co, a credit rating agency has said. This was contained in the Agusto & Co 2020 Banking Industry Report...

Banks Suffer N100bn Bad Loans In Power Sector   A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as non-performing, the latest data from the National Bureau of Statistics have shown. The power and energy sector, out of 22 sectors/business...