FUGAZ provision N2.36 trillion, as bad loans mount in 2025
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FUGAZ provision N2.36 trillion, as bad loans mount in 2025
12 May, 2026
Five listed Nigerian Tier-1 banks, also known as FUGAZ have released their full-year audited 2025 results for the period ended December 2025, reporting a combined impairment charges on loans to customers of N2.365 trillion compared to N1.44 trillion booked in 2024. This represents a 64% YoY growth and marks the highest provision on loans and advances to customers in the last three years. In 2023, the five banks made provision of N916.54 billion...................…...READ MORE
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