Banks cut lending to oil, gas, ICT by ₦5.45trn

Deposit Money Banks slashed lending to oil and gas, information and communication technology and six other key sectors of the economy by N5.45 trillion or 14.8 per cent, year-on-year in 2025. This reflects the impact of the Central Bank of Nigeria’s withdrawal of regulatory forbearance and banks’ loan portfolio clean-up. Regulatory forbearance is a central […]