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 […]
I have no regret quitting paid job for farming — Asonye
She is a trained accountant, but today, she is into aquaculture and rice farming. Mrs. Chinasa Asonye delved into agriculture about ten years ago after her husband told her to resign her appointment with a multinational company to take care of the home front.
APBN tasks government on speedy industrialisation
The Association of Professional Bodies of Nigeria, APBN has called on government to accelerate the industrialisation of Nigeria by providing the conducive atmosphere.
SEC to launch corporate governance scorescard for quoted coys
The Securities and Exchange Commission, SEC, has said that it is set to launch a corporate governance scorecard for listed companies in the Nigerian capital market in line with its goal of boosting investors’ confidence and deepening corporate governance practices in Nigeria.
Local pre-paid meter manufacturer retrenches workers over low patronage
Vice-Chairman, Unistar Hi-Tech Systems Ltd. kiMr Atilade Bolarinwa, a local meter manufacturing company, said it had retrenched more than 70 per cent of its workforce.
Cameron restates Britain’s commitment to enhance trade with Nigeria
The British Prime Minister, Mr David Cameron, has restated Britain’s commitment to further enhance the subsisting bilateral trade agreement with Nigeria.
