Loans extended by commercial and merchant banks in Nigeria fell to 52.656 trillion naira in June 2025, the lowest level in fourteen months. The Central Bank of Nigeria disclosed this in its latest quarterly statistical bulletin, noting that the last time lending fell below that level was in April 2024.
The data shows a decline of 2.739 trillion naira from May 2025, representing a 4.95% month on month drop. On a year on year basis, lending slipped marginally by 9billion naira compared with June 2024, when total loans stood at 52.665 trillion naira.
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The CBN figures suggest a cautious lending stance by banks as they work to meet revised capital requirements set by the regulator, with a deadline of 30 March 2026. The apex bank has also reported a rise in non-performing loans following the withdrawal of regulatory forbearance, pushing the industry’s bad loan ratio above the 5% prudential limit.
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