Tag
NON-PERFORMING LOANS
Nigerian banks are likely to face lower profitability, tighter capital buffers, and a potential uptick in non-performing loans (NPLs) as the country’s central bank begins a gradual withdrawal of the regulatory forbearance measures introduced at the height of the COVID-19 crisis.
Credit ratings agency, Fitch has projected that non-performing loans of Nigerian banks will increase in 2024 on the back of high interest rate and inflation in the country.
The digital lending space in Nigeria is currently in dire strait as both the lenders and the borrowers are lamenting increasing non-performing loans and the high cost of borrowing.
Some financial experts have expressed concerns regarding the hawkish monetary policy stance adopted by the Central Bank of Nigeria (CBN), which recently led to another increase in the interest rate by 22.75%.
The Non-Performing Loans (NPL) ratio of commercial banks in Nigeria jumped to 5.3% in April 2022 from 4.84% held in February 2022.
Bank credit to the Nigerian private sector rose to N36.37 trillion as of March 2022, representing N1.18 trillion net new loans to the real sector in Q1 2022.
The CBN stated that commercial banks' non-performing loans (NPLs) levels in Nigeria fell below 5% to 4.94% at the end of December 2021.
Following the expiration of a 30-day deadline today given to debtors to offer a repayment proposal to the...
Non-performing loans in the banking industry fell to 5.70% in June 2021 compared with 6.4% in June 2020....
Zenith Bank disclosed in its half year investment presentation that 29.9% of its non-performing loans are oil and gas-related loans.
The recent turnaround and improvement in the Non-performing loans of First Bank of Nigeria Limited (FirstBank) have been...
The Non-Performing Loans (NPL) ratio of commercial banks in Nigeria jumped to 6.3% for the month of February...