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Tag Archives: Oil & Gas Responsible for for 58% of Zenith Bank’s NPL

May, 2017

  • 20 May

    Oil & Gas Responsible for for 58% of Zenith Bank’s NPL

    The  volatility in the petroleum industry has continued to affect Nigerian banks negatively and if not addressed systematically and urgently, it might push the sector to the brink of another crisis. Specifically,  the  cumulative non-performing loans of power, oil and gas companies, in the books of Zenith Bank Plc rose to N41.49 billion as at the end of 2016, accounting ...