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Non-performing Loans in Banks Jump to N2.24 Trillion

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6 years ago

December 14, 2018

Non-performing Loans in Banks Jump to N2.24 Trillion

Non-performing loans in the Nigerian banks rose to N2.245 trillion as of September 2018, according to the National Bureau of Statistics (NBS) report.

The report revealed that the nation’s loans stood at N15.861 trillion, while loans with specific provisions stood at N13.332 trillion.

According to the NBS, the total non-performing loans were estimated at N1.939 trillion as at June, while gross loans and loans with specific provisions were N15.50 trillion and N13.587 trillion, respectively.

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Non-performing Loans in Banks Jump to N2.24 Trillion

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