Banks Supply More Credit as Loan Defaults Fall, CBN Survey Shows

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Banks Supply More Credit as Loan Defaults Fall, CBN Survey Shows

ABUJA — Nigerian banks made more credit available to households and businesses in the second quarter of 2026, and loan defaults fell across all categories, according to the Central Bank of Nigeria's Credit Conditions Survey. Demand rose for secured and corporate loans, with companies borrowing to restructure balance sheets, invest and finance inventory. The gap between unsecured lending rates and the policy rate narrowed.

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