In the 2025 financial year, the exposure of ten Nigerian banks to the oil and gas sector decreased by 22.2%, amounting to N12.2 trillion. This decline is attributed to the prevailing volatility and uncertainty in the global oil market, which has prompted banks to reassess their risk management strategies. The reduction reflects a broader trend among financial institutions to mitigate potential losses associated with fluctuations in oil prices. The figures indicate a significant shift in the banks' lending practices towards the oil and gas industry amidst ongoing market challenges.
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