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...

Commercial Banks’ Loan To FG Hits N1.8trn       The total commercial loans to the government, at all levels, rose to N1.77 trillion at the close of last year, about 18 per cent increase from the N1.5 trillion reported in December 2019. This comes as the total outstanding...

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’ Mortgage Loans Hit N77.61bn - NBS         Banks gave out N77.61bn mortgage loans in three years, according to latest figures obtained from the National Bureau of Statistics. The NBS stated in its selected banking sector report for second quarter that N19.83bn, N32.09bn and N26.68bn were giving...