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Experts lament N226bn real estate, construction bad loans - Punch Newspapers

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Some experts have lamented the increasing non-performing loans in the real estate and construction industry.

The report showed that the year-on-year change in non-performing loans in real estate for Q4 of 2019 and Q4 of 2020 went from N49.65bn to N56.03bn, a 12.87 per cent increase. Reacting to this, Chinedu Onubogu, an analyst at Argentil Capital Partners, an investment advisor active in the real estate sector, said while the overall outlook on non-performing loans in real estate and construction for Q4 2020 was not great, it was best to look at the numbers more broadly.

 

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Bad loans in real estate, construction sectors hit N226.62bn - Punch NewspapersThe most widely read newspaper in Nigeria Fugazi 😭 Y'all should please follow me. I follow back ❤️ While Covid is a factor as alluded to in your article, the need to look at the cost/interest loans is critical. At 18 % mortgages compared to NHF under 10% ,there will be more bad loans in the banks compared to NHF loans
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