Withdrawal of COVID-19 Forbearance pushes banks’ bad loans above CBN limit
94 per cent in the first quarter of 2026 (Q1’26), significantly above the apex bank’s prudential benchmark of 5.” Despite the rise in bad loans, the apex bank maintained that the Nigerian banking industry remained resilient, with key financial soundness indicators largely above regulatory requirements.
The development was disclosed in the CBN’s first quarter 2026 (Q1’26) Economic Report, which attributed the increase to the end of the long-standing pandemic-era relief measures introduced to support borrowers and strengthen financial system stability during the COVID-19 crisis.
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