30 results
- 1 Apr 2020
Banks Recorded N5.28tn Non-performing Loans in 2019 –NBS
Out of the N65.21tn loans granted by Deposit Money Banks in 2019, about N5.28 trillion of them are non-performing loans. The figure is contained in the Banking Sector Data report which was released…
- 22 Jul 2016
NDIC Expresses Worry Over Non-Performing Insider Loans
Nigeria Deposit Insurance Corporation, an independent government agency, said it was concerned about an "increasing wave" of non-performing insider loans in the country's banks. Such loans are…
- 20 Jun 2022
Investors Worry about Banks’ N814Bn Non-Performing Loans
Investors at the weekend, urged government to stimulate economic activities, particularly, in ensuring security and facilitating the movement of agricultural produce as well as the seamless export of…
- 31 May 2026
Nigerian Banks Under Pressure as Bad Loans Hit 8.03% After CBN Policy Shift
Non-performing loans (NPLs) in Nigeria’s banking sector rose to 8.03 per cent in January 2026, exceeding the Central Bank of Nigeria’s (CBN) prudential threshold of five per cent, following the…
- 27 Nov 2017
CBN to Sack Bank Chiefs over Bad Loans
A new Code of Corporate Governance approved by the Central Bank of Nigeria (CBN) has stipulated that bank directors with non-performing loans (NPLs) are to either quit or be sacked. Adedapo…
- 22 Apr 2018
Reps Mull N20m Per Day Fine on Banks for Insider Abuse
Jones Onyereri, chairman of the house of representatives’ committee on banking and currency, has said that banks may pay as high as N20 million per day as fine for infractions like insider abuse.…
- 6 Oct 2019
Banks Recover N496Bn from Debtors in Q2
Deposit money banks in the country may have recovered over N496billion at the end of the second quarter, according the banking sector report released by the National Bureau of Statistics (NBS).…
- 28 Jul 2020
Nigerians, Firms Owe Banks N1.2Trillion- NBS
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria (CBN). Godwin Emefiele, governor, CBN This amounted to about 6.4 per…
- 1 Nov 2021
Banks Begin Recovery from Various Accounts of Chronic Debtors
Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of non-performing loans in the industry, findings have revealed. Daily…
- 11 Jun 2014
MCON Forecloses further Purchase of Toxic Assets
Chike Obi, managing director, Asset Management Company of Nigeria (AMCON) has said that the have foreclosed further purchase of non-performing loans from the nation’s deposit money banks as…
- 24 Apr 2015
CBN Orders Lenders to Disclose Bad Debtors
Central Bank of Nigeria (CBN) has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices. The…
- 29 Apr 2021
CBN Fires all First Bank Directors, Reinstates Sacked MD
Central Bank of Nigeria (CBN), has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The CBN also accused the directors of corporate governance breach,…
- 4 Feb 2026
Why FirstBank Wrote off N748Bn Bad Loan – Otedola
Femi Otedola, group chairman, First Bank Holdings, has justified the company’s decision to write off N748bn in legacy non-performing loans, saying the move was a deliberate strategy aimed at securing…
- 12 Mar 2018
Concerns as Some Banks Show Signs of Weakness
A Central Bank of Nigeria (CBN) stress test has shown that only large banks will stay above the regulator’s capital adequacy ratio threshold if the non-performing loans levels of the Deposit Money…
- 9 Apr 2015
CBN Barks, to Publish Names of Chronic Bank Debtors
Central Bank of Nigeria (CBN) said it would publish the names of chronic bank debtors and waxed worriedly about the growing amount of non-performing loans in the books of banks in the country. The…
- 10 Aug 2016
CBN to Allow Banks Write-off Some Bad Loans this Year
Central Bank of Nigeria (CBN) is to allow banks to write-off bad loans this year that they have already made provisions for to help them to clean up their balance sheets. Pressure has been building…
- 27 Mar 2026
CBN Bars Chronic Loan Defaulters from Accessing Loans
Central Bank of Nigeria (CBN) has officially restricted banking services for “chronic defaulters” and large-ticket obligors with non-performing loans. In a sweeping move to enforce credit discipline…
- 18 Feb 2025
CBN Orders Bank Directors with Insider Bad Loans to Resign
Central Bank of Nigeria (CBN) has ordered bank directors with non-performing insider-related loans to step down immediately, as part of efforts to strengthen corporate governance and enhance risk…
- 15 Aug 2017
Banks Remove $1.2Bn 9Mobile Debt from Books
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year, according to the Nation. The…
- 27 Jul 2015
AMCON Threatens to Publish List of Loan Defaulters
Asset Management Corporation of Nigeria (AMCON) has asked loan defaulters to immediately square their accounts or it would publish their names in line with a directive by the central bank. The…
- 22 Sept 2014
Fears of Banking Crisis over Bad Loans
Some banks in the country are reportedly not making adequate provisions for bad and doubtful loans in their books as mandated by the Central Bank of Nigeria (CBN) and the development may…
- 20 Aug 2020
CIBN Urges Stability of Financial System
The Chartered Institute of Bankers of Nigeria, CIBN, has stressed the need to create stability within the financial system which it said will go a long way in promoting economic prosperity of the…
- 12 Jun 2019
MPC Worries over Banks’ Bad Loans, Forex Exposure
Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has expressed worry over the concentration and high non-performing loans (NPLs) in banks. The committee decried the persistent…
- 6 Apr 2017
Jaiz Bank MD Says NPL within Tolerable Limits
As the incidences of Non-Performing Loan (NPL) continue to dog bank’s in Nigeria, Jaiz bank plc Wednesday disclosed that its exposure to NPLs in the short to medium term was within tolerable limits.…
- 11 Jun 2021
CBN Debunks Report on Planned Nationalisation of Unity Bank
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, Osita Nwanisobi, Acting Director, Corporate…
- 14 Jan 2026
The Missing Pieces in Nigeria’s Banking Recapitalisation
By Blaise Udunze Nigeria’s economy will be experiencing yet another round of reform; after the new tax implementation, the banking sector recapitalisation exercise will begin within less than three…
- 13 Jan 2023
CBN says Banking System Remains Resilient
The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022. The Central Bank of Nigeria…
- 13 Nov 2015
CBN Orders Banks to Build Extra Buffers against Bad Loans
Central Bank of Nigeria (CBN) has ordered commercial lenders to double provisions on performing loans to 2 percent to build adequate buffers against unexpected losses, the regulator said in a…
- 15 Oct 2025
EFCC Witness Admits Arik Air Had N71Bn Bad Loan Before AMCON Takeover
A prosecution witness in the ongoing criminal trial involving the Economic and Financial Crimes Commission (EFCC) and former AMCON Managing Director, Mr Ahmed Kuru, has admitted that Arik Air Limited…
- 7 Nov 2025
Banks’ N1.96Trn Black Hole: Who Took the Loans, Who Defaulted, and Why the Real Economy Suffers
By Blaise Udunze Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine…