Nigerian banks Non-Performing Loans ratio jumps to 5.3% in April 2022

The Non-Performing Loans, NPL, ratio of Commercial Banks in Nigeria jumped to 5.3% in April 2022 from 4.84% held in February 2022.

According to data from the Central Bank of Nigeria, NPL ratio calculates the percentage of Bank loans that are either not being serviced effectively or have gone bad entirely.

Meanwhile, the Capital Adequacy Ratio, which evaluates a Bank’s balance sheet soundness, moderately increased to 14.6% in April 2022 from 14.5% in December 2021.