Banks increase credit supply as loan defaults decline in Q2 – CBN
Nigerian banks increased the supply of secured, unsecured, and corporate loans in the second quarter of 2026, while loan default rates declined across all lending categories, according to the Central Bank of Nigeria‘s (CBN)’s latest survey.
Increased availability of funds and market share considerations drove unsecured lending, while tighter wholesale funding conditions, improving economic outlook and changing sector-specific risks supported corporate credit.
CBN, in its 2026 Q2 Credit Conditions Survey, released on Wednesday, revealed that demand for corporate and secured loans increased during the period.
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