{"id":33461,"date":"2020-12-14T18:12:11","date_gmt":"2020-12-14T18:12:11","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=33461"},"modified":"2020-12-14T18:12:11","modified_gmt":"2020-12-14T18:12:11","slug":"non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs","title":{"rendered":"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.com\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.com\/nigeria\">Nigeria<\/a>. <\/strong><\/span>The non-performing loans portfolio of Nigerian banks stood at N1.17 at the end of the third quarter, N42.4 billion or 3.5% lower than the N1.21 trillion reported for the second quarter, data obtained from the National Bureau of Statistics (NBS) website on Sunday showed.<\/p>\n<p>Nigerian banks are in danger of recording higher non-performing loans and impaired credit facilities in 2021 as the coronavirus pandemic weakens the ability of borrowers to pay back consumer and commercial loans, a trend that could deteriorate the asset quality of lenders.<\/p>\n<p>\u201cImpaired loan ratios could head towards low double digits in some countries, particularly in Nigeria and Morocco,\u201d credit ratings agency, Fitch said in its commentary on Nigerian banks earlier this month.<\/p>\n<p>The transportation and storage sector of the economy posted the steepest rise in non-performing loans with a 26.87% or N9.95 billion increase from N37.04 billion in Q2 2020 to N46.99 billion in Q3 2020.<\/p>\n<p>General commerce recorded the best improvement in non-performing loans, with a reduction of 12.79% or N21.95 billion in its non-performing loans value from N171.55 billion to N149.6 billion in between the two quarters.<\/p>\n<p>Banks\u2019 total credit to the private sector as of Q3 2020 stood at N19.87 trillion, the NBS said.<\/p>\n<p>\u201cOil and gas and manufacturing sectors got credit allocation of N3.74tn and N3.03tn to record the highest credit allocation as at the period under review,\u201d the statistics office said.<\/p>\n<p>Lagos accounted for the highest number of borrowers from banks while Yobe State was responsible for the least number.<\/p>\n<p>\u201cLagos beneficiaries recorded the highest credit by geographical distribution with N15.13tn, accounting for 77.74 per cent of the total credit by geographical distribution, while Yobe State recorded the least with N19.38bn, accounting for 0.09 per cent in Q3 2020,\u201d the NBS said.<\/p>\n<p>Opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The non-performing loans portfolio of Nigerian banks stood at N1.17 at the end of the third quarter, N42.4 billion or 3.5% lower than the N1.21 trillion reported for the second quarter, data obtained from the National Bureau of Statistics (NBS) website on Sunday showed. Nigerian banks are in danger of recording higher [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":33460,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,254,1911,1986,1985],"class_list":["post-33461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-nigeria","tag-nigerian-banks","tag-non-performing-loans","tag-oil-and-gas"],"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>Non-performing loans of Nigerian banks now N1.17tn \u2013NBS - Nigeria<\/title>\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\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Nigeria. The non-performing loans portfolio of Nigerian banks stood at N1.17 at the end of the third quarter, N42.4 billion or 3.5% lower than the N1.21 trillion reported for the second quarter, data obtained from the National Bureau of Statistics (NBS) website on Sunday showed. Nigerian banks are in danger of recording higher [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-14T18:12:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS\",\"datePublished\":\"2020-12-14T18:12:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg\",\"keywords\":[\"Africa Press\",\"Nigeria\",\"Nigerian banks\",\"non-performing loans\",\"Oil and Gas\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs\",\"name\":\"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg\",\"datePublished\":\"2020-12-14T18:12:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg\",\"width\":630,\"height\":330,\"caption\":\"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS - Nigeria","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs","og_locale":"en_US","og_type":"article","og_title":"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS","og_description":"Africa-Press &#8211; Nigeria. The non-performing loans portfolio of Nigerian banks stood at N1.17 at the end of the third quarter, N42.4 billion or 3.5% lower than the N1.21 trillion reported for the second quarter, data obtained from the National Bureau of Statistics (NBS) website on Sunday showed. Nigerian banks are in danger of recording higher [&hellip;]","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs","og_site_name":"Nigeria","article_published_time":"2020-12-14T18:12:11+00:00","og_image":[{"width":630,"height":330,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS","datePublished":"2020-12-14T18:12:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs"},"wordCount":299,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg","keywords":["Africa Press","Nigeria","Nigerian banks","non-performing loans","Oil and Gas"],"articleSection":["all news","Economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs","name":"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg","datePublished":"2020-12-14T18:12:11+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/12\/img-5fd7907042d95.jpg","width":630,"height":330,"caption":"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/non-performing-loans-of-nigerian-banks-now-n1-17tn-nbs#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Non-performing loans of Nigerian banks now N1.17tn \u2013NBS"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/33461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=33461"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/33461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/33460"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=33461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=33461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=33461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}