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 […]
Shippers Council’s action in interest of national economy — Capt Biu
The immediate past Executive Secretary of the Nigerian Shippers’ Council (NSC), Captain Adamu Biu has said that the Council’s recent action to review port charges downwards was in the interest of the national economy
Shippers’ Council recovers seized, missing containers
The nation’s ports economic regulator, the Nigerian Shippers’ Council (NSC) has recovered consignments seized by a terminal operator, just as it reclaimed others alleged to have been declared missing.
Naira’ll depreciate to N200/$ in parallel market — FDC
Analysts at Financial Derivative Company Limited have predicted that the naira will further depreciate to N200 per dollar at the parallel market.
Brent crude oil price dips below $50 a barrel
The price of Brent crude oil has fallen below $50 a barrel for the first time since May 2009.
US stocks extends selloff on global
U.S. stocks fell on Tuesday in choppy trading, extending losses a day after Wall Street suffered its biggest drop since early October as data showed the pace of growth in the U.S. economy had slowed.
