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Tag: bank loans

Banking

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 began winding down regulatory forbearance granted to banks on certain credit exposures and breaches of single obligor limits. The PUNCH reported that according to the CBN’s January 2026 Economic Report, the industry’s non-performing […]

Banking

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, warning that such practices often result in insider abuse and non-performing loans. Olukoyede gave the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau Abiola, who led a […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
Banking featured

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 pressures on consumers and businesses. The Central Bank of Nigeria disclosed this in its Credit Conditions Survey Report for Q4 2025, which revealed that lenders experienced higher default rates on secured and unsecured […]

featured Investment

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 fibre infrastructure company to roll out 90,000 kilometres of climate-resilient broadband fibre nationwide. The plan is contained in the Financing Agreement for the Building Resilient Digital Infrastructure for Growth project signed between the […]

News

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 in the second quarter, reflecting a 53.9% decrease. This significant decline is largely attributed to the impact of high interest rates, which have made borrowing more expensive and burdensome for many individuals. This […]

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