Losses from loans push down banks’ profits in H1’20
Against the backdrop of the new Loan to Deposit Ratio (LDR) as well as impact of the Coronavirus (COVID-19) on businesses, provision for bad loans in banks rose 64.4 per cent to N155.8 billion cumulatively in major banks in the first half of the year. Estimated bad loan portfolio for top 15 banks examined by Financial Vanguard is put at N1.7 trillion within the period.
Social networks in Algeria blocked to prevent exam fraud
Algerians were unable to access social media accounts on Sunday as students sat national exams in the North African country where authorities are cracking down on cheating. Social networks such as Facebook, Twitter and WhatsApp were inaccessible, an AFP journalist said, while the internet faced disruptions across the country. The move came a day after […]
Fayose remains PDP’s voice in South-West, says ex-Zonal Chairman Olafeso
Mr Eddy Olafeso, the immediate past National Vice Chairman of the Peoples Democratic Party (PDP), in South-West on Sunday said ex-Gov Ayodele Fayose remained a critical voice in the party’s affair in the region. Olafeso made the clarification in Ado-Ekiti during a meeting with the party’s delegates over his Vice Chairmanship aspiration in the coming […]
2020 Berlin-Lagos Residency for artists begins
By Prisca Sam-Duru The impacts of the COVID-19 pandemic on the global cultural scene notwithstanding, a new phase of the residency exchange, initiated in 2015 for young artists and curators, is taking place this year in Berlin and Lagos. The Nigerian half of the exchange program is jointly organised by Goethe-Institut Nigeria and Lagos-based creative […]
AGRIC DEVPT: Notore, Bauchi sign MoU Notore Chemical Industries
Notore Chemical Industries Plc has donated a 40,000 litre solar-powered integrated water project to Kangare Community in Bauchi Local Government, Bauchi State.
CWG Plc expands Offerings for HMOs with HealthExchange Platform
As part of its vision to enable businesses across Nigeria and other African countries where it has its operations, CWG Plc is currently leveraging on technology to expand the offerings for Health Management Organisations (HMOs) with its HealthExchange platform. CWG explained that the HealthExchange platform connects all health entities under one platform ranging from HMOs, […]
