Nigerian Banks Continue to Favour Oil and Gas Lending Despite Manufacturing Slowdown
Nigeria’s banking sector continued to channel a significant portion of its loans to the oil and gas industry in 2025, ...
Tag: loans
Nigerian Banks Keep Oil and Gas as Top Lending Sector Despite Manufacturing Decline
Nigeria’s banking sector continued to channel the largest share of its loans to the oil and gas industry in 2025, ...
Nigeria’s World Bank Debt Drops Slightly in Early 2026 Despite Annual Increase
Nigeria’s debt exposure to the concessional lending arm of the World Bank, the International Development Association (IDA), recorded a slight ...
AfDB Approves $61 Million Support for Women-Owned Businesses in Nigeria
The African Development Bank Group (AfDB) has approved a $61 million financing package for the Development Bank of Nigeria (DBN) ...
Loan Loss Surge Forces Nigerian Banks to Rethink Strategy as Dividends Shrink
Pressure is rising across Nigeria’s banking sector as shareholders and financial analysts demand stronger action from bank executives to recover ...
Nigeria’s Debt to World Bank Rises Sharply Amid Growing Financial Pressure
Nigeria’s debt to the World Bank has increased significantly, reaching $19.89 billion as of December 31, 2025. This marks a ...
Alert Group Targets ₦130bn Loan Disbursement in 2026
The Alert Group has announced plans to disburse about ₦130 billion in loans in 2026 as it ramps up support ...
Banks Seize Nestoil Over $1 Billion Debt
A consortium of Nigerian lenders has placed Nestoil Limited, a major player in Nigeria's oil and gas sector, under receivership, ...
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