{"id":127887,"date":"2024-08-14T21:40:42","date_gmt":"2024-08-14T20:40:42","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn"},"modified":"2024-08-14T22:49:18","modified_gmt":"2024-08-14T21:49:18","slug":"nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn","title":{"rendered":"Nigerian banks\u2019 Non-Performing Loans drop to 3.9 in June \u2013 CBN"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian banks\u2019 Non-Performing Loans NPLs (Bad Loans) fell to 3.9 percent in June 2024 compared with 4.8 percent in April 2024.<\/p>\n<p>Members of the Central Bank of Nigeria Monetary Committee disclosed this in their personal statements at July\u2019s 296th MPC meeting recently released by CBN.<\/p>\n<p>Bala Bello, a member of MPC, said that the decline in NPL showed improvement in industry risk management practices and implementation of regulatory policies to manage bad loans such as its Global Standing Instruction and GSI policy.<\/p>\n<p>Another member of MPC, Bandele Amoo, noted that the nation\u2019s banking industry is relatively stable and sound at the end of July 2024.<\/p>\n<p>\u201cThe NPL, Capital Adequacy Ratio (CAR) and Liquidity Ratio (LR) remained within the maximum regulatory thresholds,\u201d Amoo said.<\/p>\n<p>This comes as the MPC agreed to raise the country\u2019s interest rate to 26.75 percent last month in a bid to tackle rising inflation which stood at 34.19 percent in June 2024.<\/p>\n<p>The apex bank had in April 2024 announced new minimum capital requirements for all Nigerian banks to achieve Nigeria\u2019s $1 trillion economy target.<\/p>\n<p>CBN on July 13, 2020, issued a guideline on GSI to enhance loan recovery across the banking sector, which took effect from August 1, 2020.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian banks\u2019 Non-Performing Loans NPLs (Bad Loans) fell to 3.9 percent in June 2024 compared with 4.8 percent in April 2024. Members of the Central Bank of Nigeria Monetary Committee disclosed this in their personal statements at July\u2019s 296th MPC meeting recently released by CBN. Bala Bello, a member of MPC, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":127886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[2782,503,254],"class_list":["post-127887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-banks","tag-cbn","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigerian banks\u2019 Non-Performing Loans drop to 3.9 in June \u2013 CBN - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian banks\u2019 Non-Performing Loans NPLs (Bad Loans) fell to 3.9 percent in June 2024 compared with 4.8 percent in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian banks\u2019 Non-Performing Loans drop to 3.9 in June \u2013 CBN\" \/>\n<meta property=\"og:description\" content=\"The Nigerian banks\u2019 Non-Performing Loans NPLs (Bad Loans) fell to 3.9 percent in June 2024 compared with 4.8 percent in ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-14T20:40:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-14T21:49:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1723659540.226426.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerian banks\u2019 Non-Performing Loans drop to 3.9 in June \u2013 CBN\",\"datePublished\":\"2024-08-14T20:40:42+00:00\",\"dateModified\":\"2024-08-14T21:49:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn\"},\"wordCount\":215,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1723659540.226426.jpg\",\"keywords\":[\"banks\",\"CBN\",\"Nigeria\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-banks-non-performing-loans-drop-to-3-9-in-june-cbn\",\"name\":\"Nigerian banks\u2019 Non-Performing Loans drop to 3.9 in June \u2013 CBN - 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