Economy
91% of corporate loans performing, says CBN
About 91 per cent of loans obtained from banks by companies are performing, the Central Bank of Nigeria (CBN) has said.
In its latest credit conditions survey released at the weekend, the CBN indicated that about nine per cent of corporate loans are non-performing, four notches above the apex bank’s regulatory guidance of five per cent.
According to the report, corporate loan default stood at nine per cent in fourth quarter 2024. It stood at 6.2 per cent in third quarter, 2.8 per cent in second quarter and 4.5 per cent in the first quarter of last year.
The CBN outlined the factors contributing to corporate credit demand to include commercial real estate, balance sheet restructuring, inventory finance, capital investments, merger and acquisition.
The apex bank said there were increased credit availability for corporate borrowers, while secured lending to households dropped.
“The demand for credit across all lending types increased in fourth quarter of last year. The factors influencing the increase for secured and unsecured household loans were consumer loans from households and credit cards lending from households respectively while inventory finance was the major factor that influenced the change in demand for corporate lending,” CBN stated.
The apex bank also noted that the demand for credit increased for all lending types during the period.
However, demand for mortgage and re-mortgage from households decreased.
“The demand for credit across all lending types increased in fourth quarter of last year when compared to the previous quarter. The overall spreads on secured and unsecured lending rates to households relative to Monetary Policy Rate (MPR) widened.
“For corporate lending, all lending type spreads on loan relative to MPR also widened, except Other Financial Corporations (OFCs) which narrowed in the current quarter,” the report stated.
The Credit Conditions Survey (CCS) reports on secured and unsecured lending to Households, Private Non-Financial Corporations (PNFCs), Small Businesses and Other Financial Corporations (OFCs). The survey was based on lenders responses, to questions from the statistics department of the CBN.
To determine the aggregate results, each lender was assigned a score based on lender’s response. Lenders who report that credit conditions have changed “a lot” are assigned twice the score of those who report that conditions have changed “a little”. These scores were then weighted by lenders credit market shares.
The results were analyzed by calculating net percentage balances, such as the difference between the weighted balances of lenders reporting that demand was higher versus those reporting that demand was lower. The net percentage balances are scaled within the range plus or minus 100.
The Black Market Dollar to Naira Exchange Rate for 3rd December, 2025, Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 3rd December 2025?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1473 and buy at ₦1465 on Wednesday 3rd December, 2025, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1473
Buying Rate ₦1465
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1450
Lowest Rate ₦1443
The Nigerian naira continued to trade under pressure in the unofficial foreign exchange market on Sunday, with traders in Lagos reporting another round of fluctuations in the dollar–naira exchange rate.
According to information gathered from several Bureau De Change (BDC) operators, the U.S. dollar sold for ₦1468 while buying stood at ₦1460 at the parallel market. This rate reflects the pricing used by street currency dealers and is often influenced by daily demand, liquidity conditions, and prevailing economic sentiment.
Important CBN Position on Black Market Transactions
The Central Bank of Nigeria (CBN) has repeatedly emphasized that it does not recognize the black market as an official channel for forex trading. The apex bank maintains that all legitimate foreign exchange transactions should be conducted through commercial banks or other authorized financial institutions.
Despite this directive, many Nigerians still resort to the parallel market due to delays, documentation requirements, or limited access to forex through official channels.
Black Market Dollar to Naira Rates Today
USD to NGN Black Market Rate (Nov. 30, 2025)
Selling Rate ₦1468
Buying Rate ₦1460
Official CBN Dollar to Naira Rates Today
USD to NGN CBN Official Rate
Highest Rate ₦1449
Lowest Rate ₦1445
The official CBN rate typically reflects government-controlled pricing within the formal banking system, which often differs from market-driven rates in the parallel market.
Why Exchange Rates Vary
FX traders often caution that actual rates may differ depending on location, volume of transaction, and individual dealers. Prices can change multiple times within a single day due to:
Shifts in dollar supply and demand
Market speculation
Economic indicators such as inflation and interest rates
Government or CBN policy actions
As a result, buyers and sellers may encounter slightly higher or lower figures than those quoted above.
The petrol market recorded another change as the Dangote Refinery and a few other depot operators reduced their gantry price of Premium Motor Spirit to ₦840 per litre.
Naijapunchnews reports that new rate moved down from the previous ₦843, following a fall in the price of Brent crude, which averaged $62 per barrel over the weekend.
The drop in crude cost pushed refiners and other players in the downstream market to adjust their prices.
Market checks showed that the Dangote Refinery, AIPEC and NIPCO all moved their depot price to ₦840 per litre.
Other depots reviewed their rates differently, with Rainoil at ₦844, Sigmund at ₦858, Master Energy at ₦858 and Northwest at ₦850 per litre.
Operators linked the price change to the dip in global crude, which affects refining and distribution costs.
The date of the OPEC+ virtual meeting was November 30, 2025.
On the global front, eight OPEC+ countries, including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman, held a virtual meeting to look into the global oil market and its direction.
They stood by the decision taken earlier on November 2, 2025, to keep production levels unchanged for January, February and March 2026 because of expected seasonal shifts.
The group also restated that the 1.65 million barrels per day held back from the market could return step by step, depending on how conditions play out.
They maintained that they still have full room to pause or reverse voluntary production changes, including the 2.2 million barrels per day cut first announced in 2023.
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