Bad loans hit 8% after CBN’s regulatory forbearance withdrawal
Bad loans in Nigeria’s banking sector increased to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria…
bank loans
EFCC warns banks against loans without credible collateral
The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral,…
Banks record surge in household, corporate loan defaults
Banks in Nigeria recorded an increase in loan defaults by households and corporates in the fourth quarter of 2025, reflecting growing repayment…
Nigeria to invest $460m World Bank loan in fibre company
Nigeria plans to deploy $460m, representing about 92 per cent of a $500m World Bank loan, towards the capitalisation of a proposed…
Personal loans to banks fall by 53.9%
Personal loans owed by Nigerians to commercial banks dropped sharply from N7.52 trillion in the first quarter of 2024 to N3.47 trillion…