Banks record higher default rates on secured loans in Q3 2025 — CBN Survey

…Record Increase in Credit AvailabilityBy Elizabeth AdegbesanA new report by the Central Bank of Nigeria (CBN) shows that banks recorded increased default rates on secured loans in the third quarter of 2025 (Q3’25), even as credit availability rose across various lending categories.The Credit Conditions Survey, released on Wednesday, indicated that default rates on unsecured loans, on the other hand, declined during the period under review.According to the CBN, lenders attributed t