Banks’ bad loans slide to 4yr-low as oil and gas firms come good

Nigerian bank costs remain elevated compared to Kenyan peers

Non-performing loans (NPLs) in the banking sector fell to a four year low in the third quarter of 2019 as oil and gas companies paid down stubborn debt. Data released Tuesday by the National Bureau of Statistics (NBS) showed bad loans made up 6.67 percent of total gross loans extended by the bank

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```