Withdrawal of COVID-19 Forbearance pushes banks’ bad loans above CBN limit
By Elizabeth Adegbesan The withdrawal of the Central Bank of Nigeria’s (CBN) COVID-19 regulatory forbearance given to banks has pushed banks’ Non-Performing Loans (NPLs) ratio to 9.94 per cent in the first quarter of 2026 (Q1’26), significantly above the apex bank’s prudential benchmark of 5.0 per cent. The development was disclosed in the CBN’s first quarter […]
How Maritime can change Nigeria
By Ifeyinwa Obi Jegede Abiodun Paul, is the Group Managing Director of Japaul Oil and Maritime Services Plc;. In this interview, the Chattered Maritime practitioner and oil magnet who spoke on a n umber of industry issues decries that most local banks in Nigeria do not understand shipping and as such foot-drag when it comes […]
Naira hits N215 to dollar at BDC’s segment
The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market.
It also depreciated by N7 at the black market, selling at N217 to the dollar.
Political uncertainty hits Nigeria stocks, currency
The postponement of Nigeria’s general election has hit the country’s faltering economy, adding to existing pressures caused by the global fall in oil prices, analysts said.
NSE plans initiatives to maintain Africa’s investment destination
The Nigerian Stock Exchange, NSE, has expressed it readiness to introduce initiatives that will help position it as attractive listing and investment destination in Africa.
Investour 2015: Africa needs stronger brand
Branding and promotion, foreign direct investment, human resources development and visa facilitation were among the key topics in focus at the VI Investment and Tourism Business Forum for Africa (INVESTOUR).
