Nigerian Banks' Loans Surge to N187.13 Trillion by 2025

A report indicates that loans and advances from ten Nigerian banks have surged to an estimated N187.13 trillion between 2021 and 2025, fueled by competition and liquidity in the banking sector. The banks involved include Access Holdings Plc, United Bank for Africa Plc (UBA), Guaranty Trust Holding Company Plc (GTCO), and Zenith Bank Plc, among others.

The analysis reveals that Access Holdings is projected to grant approximately N42.13 trillion in loans, while Zenith Bank and UBA are expected to disburse N34.34 trillion and N30.76 trillion, respectively. Wema Bank recorded the highest percentage increase in its loan portfolio, growing by 314.92% from N418.87 billion in 2021 to N1.74 trillion in 2025.

The report also highlights the competitive landscape with fintech companies like Moniepoint and Microfin Bank offering attractive loan options, further influencing the banking sector. Mr. Tajudeen Olayinka, CEO of Wyom Capital Partners, noted that increased lending is crucial for supporting Nigeria's economic growth amid macroeconomic challenges.