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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CSR: Airtel Touching Lives, Touching Dreams

CSR: Airtel Touching Lives, Touching Dreams

Recently in Lagos, leading telecommunica-tions operator, Airtel Nigeria unveiled Touch-ing Lives, a revolutionary CSR intervention initia-tive that runs under its Corporate Citizenship Programme with a major focus on enriching Nigerians and providing succour to the under-privileged members of the society.

Expert tasks NAFDAC, SON on food quality assurance

Expert tasks NAFDAC, SON on food quality assurance

A Professor of Microbiology University of Lagos, Olusimbo Olugbo-Aboaba has called on the National Agency for Food and Drugs Administration and Control(NAFDAC) and the Standard Organization of Nigeria (SON) to deepen efforts on enforcing microbiological standards in Nigeria’s food and drug products.

Gas Supply: We remain committed to West African region – NNPC

Gas Supply: We remain committed to West African region – NNPC

Recently, the media was agog with news that NNPC and some of its JV partners have been fined over a breach in gas supply to Ghana through the West African Gas Pipeline. In this statement NNPC’s Group Executive Director, Gas & Power, Dr. David Ige, clarifies the situation and throws more light on efforts being made to expand gas supply infrastructure to boost gas supply to meet domestic needs and international obligations.

Agricultural transformation: Africa  urged to talk collectively

Agricultural transformation: Africa urged to talk collectively

This year is dedicated by the African Union to the cause of food security and Agriculture, so it was not surprising that a spirited gathering of more than 1,000 agriculture officials, farmers, entrepreneurs, scientists, civil society organizations and pioneers in agribusiness representing 60 countries – met at the headquarters of the African Union in Addis Abba, Ethiopia for four days recently.

Badagry Expressway: Multiple Customs, Police checkpoints returns

Badagry Expressway: Multiple Customs, Police checkpoints returns

Few weeks after the retirement of the immediate past Inspector General of Police, Mohammed Abubakar, road blocks along the Lagos Badagry Expressway have returned with the Badagry – Seme end having about 11 and nine police and Customs checkpoints respectively.