Business

Withdrawal of COVID-19 Forbearance pushes banks’ bad loans above CBN limit

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 […]
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ECONOMIC CZARISM AND ITS CONSEQUENCES – 9

ECONOMIC CZARISM AND ITS CONSEQUENCES – 9

“The jobs crisis is hitting the young especially hard. And what should have been a brief employment crisis is turning to a life sentence, possibly for a whole lost generation”

Fury over sales of OMLs in Delta

Fury over sales of OMLs in Delta

THERE is anger among the Ndokwa, Isoko, Ijaw, Urhobo and Itsekiri peoples in Delta State against Shell Petroleum Development Company, SDPC, over recent sales of onshore blocs – Oil Mining Leases, (OML) 30, 34, 40, 42 with reserves of two billion barrels, by the Anglo-Dutch oil conglomerate.

CBN’s reform & World Bank’s ranking of Nigerian banks

CBN’s reform & World Bank’s ranking of Nigerian banks

The Nigerian banking industry is poised for greater productivity this fiscal year as nine banks made list of top 1,000 World Banks ranking and top 25 banks in Africa. This is a clear indication that the on-going reforms and new monetary policies mapped out by the Central Bank of Nigeria, CBN, to guide the operations of the banks are yielding positive results.

Acquire skills that make you self-employed

Acquire skills that make you self-employed

Wasiu Jimoh is a self-employed, who specialises in office and house furniture, home decorations. He is in charge of Anu-Oluwa Furniture Company. Wasiu while interacting with Saturday Vanguard Business, how he became somebody out of nothing said, when nobody creates a job for you

South West Governors for Agric summit in Ibadan

South West Governors for Agric summit in Ibadan

The Agric Trade Group of Ibadan Chamber of Commerce, Industry, Mines and Agriculture (member of the Nigerian Association of Chamber of Commerce, Industry, Mines & Agriculture) will be organizing an AGRIC Summit, tagged : “Agricultural Financing : The Road Map” meant for peasant farmers and others stakeholders in the private and agric sector covering the whole states in the South – West of Nigeria, as a pioneer and partner in the – Agro-Allied business.

Union Bank has come to stay, will meet  deadline

Union Bank has come to stay, will meet deadline

In the heat of the deadline set by the CBN for rescued banks to recapitalise, the Managing Director of Union Bank, Mrs. Funke Osibodu, had an interactive session with journalists. She answered probing questions from the media. Excerpts: