Market News
Banks’ bad loans climb as forbearance ends
...Worsening NPLs could weaken lenders’ balance sheets, says CBN Nigeria’s banking sector has recorded a rise in non-performing loans (NPLs) to an estimated seven percent, breaching the prudential limit of five percent, following the withdrawal of regulatory forbearance measures introduced during the COVID-19 pandemic, the Central Bank of Nigeria (CBN) has said.
The COVID-19 forebearance saw bad loans rise across the banking sector, with non-performing loans (NPLs) in seven big banks surpassing N1.57 trillion
