11 Banks’ Non-performing Loans Hit N1.67trn   Following write-offs, restructuring of facilities, Global Standing Instruction (GSI) and credit risk management as a result of economic challenges, a total of 11 banks recorded N1.67 trillion non-performing loans (NPL) during the first half (H1) of 2023, an increase...

Nine Banks’ Non-performing Loans Rise, Now N814bn   The aggregate Non-performing Loans of nine banks increased to N814.08bn in 2021, representing a 3.16 per cent increase from the N789.14bn reported. The nine banks are Access Holdings Plc, Zenith Bank Plc, Wema Bank Plc, FCMB Group, Union Bank...

Banks’ Non-performing Loans Fall Below 5%, First Time In 10 Years   The Central Bank of Nigeria (CBN) has stated that for the first time in about a decade, the non-performing loans (NPLs) levels of commercial banks in Nigeria has fallen below the regulatory benchmark of...

Banks Record N1.3trn Non-performing Loans – CBN     Banks recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark, according to the Central Bank of Nigeria. Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per...

CBN Says Non-performing Loans Are Declining But Remain Above Benchmark             The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in June, showing more resilience in the banking sector. The Central Bank of Nigeria disclosed this in...

Non-performing Loans Rise By N50bn On Increased Lending       Banks’ non-performing loans rose by N50bn to N1.17tn as of the end of August from N1.12tn as of the end of June, the latest figures from the Central Bank of Nigeria and the National Bureau of Statistics...