Nigeria, April 14 -- According to the Central Bank of Nigeria (CBN), large private corporations in Nigeria are facing increased challenges in repaying their loans. The CBN has raised concerns over rising credit risk in the upper tier of the lending market.

The apex bank's Credit Conditions Survey for the first quarter of 2025 reveals that large Private Non-Financial Corporations (PNFCs) and Other Financial Corporations (OFCs) recorded higher loan default rates, reversing the modest gains in previous quarters.

The report highlights a worrying trend for big-ticket borrowers, with large PNFCs and OFCs posting negative default index scores of -0.6. This indicates that more lenders are seeing increased defaults in these segments than those r...