• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

As Non-performing Loan hits N1.6 trillion in Q1, here’re the implications

Fakoyejo Olalekan by Fakoyejo Olalekan
June 3, 2019
in Business News, Politics
Advertising, Nigerian banks' expenses on advertising
Share on FacebookShare on TwitterShare on Linkedin

The latest statistics released by the National Bureau of Statistics (NBS) has revealed that Nigeria’s banking sector recorded N1.676 trillion worth of non-performing loans as of the end of March 2019.

There are about twenty-one banks in Nigeria. Nairametrics can confirm that their gross loans stood at N15.480 trillion, while the loans after specific provisions stood at N13.739 trillion in the period under review.

NPLs on a Downward Path: A total of N2.18 trillion was recorded in the first quarter of 2018 as non-performing loans. This figure dropped to N1.93 trillion in the second quarter, only to pick up in the third quarter of 2018 at N2.24 trillion, before declining again in the fourth quarter to N1.79 trillion.

RelatedStories

Contract staffing in Nigeria Banks, Nigerian Banks, Number of contract staff across Nigerian banks drop by 3,083, biggest in 4 years  

Bank CEOs declare war on debtors over N8.16 trillion bad loans

May 31, 2019
CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion 

Report shows how banks’ 2018 non-performing loans reduced slightly

February 27, 2019

The ratio of the non-performing loans to total loans for the first quarter of 2019 was 10.83 per cent, while non-performing loans to total loans after specific provisions was 12.2 per cent.

What this means: There is a clear positive medium-term impact on the economy when non-performing loans decline. It is widely acknowledged that economies of countries that constantly find solutions to its NPLs perform well even as the supply of credit increases.

Why this matters: Non-performing loans are a burden for both lenders and borrowers. According to a report, NPLs reduces credit availability, distort the allocation of credit, negatively affect market confidence, and slow economic growth. It is always advisable for regulators and stakeholders not to ignore NPLs’ problems in order to avoid deterioration.

What you need to know: The Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria, Mr. Ahmed Kuru, recently called for the revisit of the failed Bank Act. This, he believes, will make operatives in the banking sector to accountable.

Note that bank employees risk losing their jobs when the debtors they approved a loan for doesn’t pay back as when due or refuses to finance its loan or the loan goes bad.

Earlier Development: Earlier on, we reported that the Committee of Banks’ Chief Executive Officers (CEOs) disclosed plans to go tougher in efforts to bring blacklisted defaulters to book. The CEOs have perfected plans for all banks to cooperate and collaborate in order to fish out all defaulters.


Follow us for Breaking News and Market Intelligence.
Tags: Nigeria's National Bureau of Statistics releases non-performing loans reportNigerian banks' non-performing loans
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

Related Posts

Contract staffing in Nigeria Banks, Nigerian Banks, Number of contract staff across Nigerian banks drop by 3,083, biggest in 4 years  
Business News

Bank CEOs declare war on debtors over N8.16 trillion bad loans

May 31, 2019
CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion 
Business News

Report shows how banks’ 2018 non-performing loans reduced slightly

February 27, 2019
Next Post
Mounir Gwarzo

Why shareholders are supporting the reinstatement of Gwarzo as SEC's DG

Comments 1

  1. Hacked Minecraft client says:
    June 5, 2019 at 8:16 pm

    You will surely enjoy playing this intense game where one ccan fantasy
    and creativity possibly at one tome enjoy and relax.
    Presented Privileges as Well as a Control Panel – Several of
    the minecraft server rentall hosts supply you with different
    administrative privileges, permitting one to insstall plugins and mods required for you to change
    the files, and provide you with a portal chock-brimming ith add-ons to customize their use.
    The Minecraft creatures are among the most critical features of the action that makes it more interactive, intriguing and packed with challenges.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • CBN’s Forbearance, Lawyers, and Mega Deals: Chike Obianwu on Drinks and Mics
  • How to apply for the Federal Ministry of Education’s TVET program with N45,000 monthly stipend 
  • SEC warns Nigerians against unregistered trading platform CMTrading 

Follow us on social media:

Recent News

CBN’s Forbearance, Lawyers, and Mega Deals: Chike Obianwu on Drinks and Mics

CBN’s Forbearance, Lawyers, and Mega Deals: Chike Obianwu on Drinks and Mics

June 21, 2025
FG announces N45,000 monthly stipend for technical college students nationwide 

How to apply for the Federal Ministry of Education’s TVET program with N45,000 monthly stipend 

June 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics