Banks’ Non-performing Loans Hit N1.2trn – CBN     Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria on Monday. This amounted to about 6.4 per cent of the gross credit of the banks to...

Real Estate, Construction Firm’s Non-performing Loans Now N136.05bn     The total non-performing loans of real estate and construction firms rose by N33.31bn from N102.74bn at the end of 2018 financial period to N136.05bn as of the end of 2019, latest statistics from the National Bureau of...

Non-performing Loans Of Insurance Firms, Others Fall By N24.28bn     The non-performing loans of insurance companies and other finance organisations granted by banks have dropped by N24.28bn. Specifically, the loans dropped from N28.86bn in December 2018 to N4.58bn at the end of the 2019 financial year, according...

Banks Retrieve N39.4bn Non-performing Loans From ICT Sector   Nigerian banks recovered N39.4bn non-performing loans from its debtors in the Information and Communications Technology sector in one year. As of September 2019, the NPL in the ICT sector stood at N76.54bn as against N115.94bn in the corresponding...

Agric Sector’s Non-performing Loans Now N49.96bn   The non-performing loans in the agriculture sector rose by 3.36 per cent from N48.33bn as of the end of the third quarter of 2018 to N49.96bn as of the end of September 2019. According to data from the National Bureau...

Banks’ Non-performing Loans Decline By N1.14trn In 1 Year   Between the third quarter of 2018 and the third quarter of this year, the Non-Performing Loan portfolio of the banking sector dropped from N2.24tn to N1.1tn. This shows a decline of N1.14tn or 50.89 per cent reduction...