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

bank loans
  • 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.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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