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Non-performing loans in banking sector now N1.676tn, NBS says

Exporters rake in $1.16b in 3 months

A release by the National Bureau of Statistics (NBS) has revealed that non-performing loans in the banking sector for March, 2019 stands at N1.676tn.

A further analysis of the report shows that gross loans stood at N15.480tn while the loans after specific provisions stood at N13.739tn in the period under review.

Read also: Nigeria’s foreign reserve grows to $45.09bn in May

The report released on Monday shows that ratio of the non-performing loans to total loans was 10.83 per cent, while non-performing loans to total loans after specific provisions was 12.2 per cent

The figure of non-performing loans at the end of 2018 was N1.792tn, while the gross loans and loans after specific provisions were N15.353tn and N13.562tn respectively.

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