Seven Nigerian banks wrote off about ₦2.38 trillion in bad loans in 2025, as the Central Bank of Nigeria’s (CBN) stricter stance on forbearance and loan classification forced lenders to clean up long-standing credit risks. A review of banks' financial statements reveals that the write-offs, which cut across Zenith Bank, First HoldCo, GTCO, Stanbic IBTC, …
Breaking News:
Trending News
To be the Digital
News Platform of Choice for Reliable and Innovative Content.
Stay Connected
Pinnacle Daily Newsletter
Elevate Your News Experience
Join Pinnacle Daily’s newsletter and receive exclusive content, deep dives, and the latest news from experts.
watch Now
Enjoy Unlimited Digital Access
Read trusted, award-winning journalism.
Already a subscriber?