States, LGs repay N547.5bn bank debts December 27, 2025

Figures from the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin reveal that the banking sector’s “claims on state and Local Governments” fell from N2.68tn in June 2024 to N2.13tn in June 2025. This means sub-national governments collectively cut their indebtedness to commercial and merchant banks by 20.4 per cent year-on-year. Further...