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 […]
Our journey to home ownership, by Lagos HOMS winners
Eleven new home owners who successfully met the requirements of the Lagos Homes Ownership Mortgage Scheme (Lagos HOMS) collected the keys to their apartments from the Lagos State Governor Babatunde Fashola recently.
Diamond Bank posts N8.2bn profit in first quarter
Diamond Bank Plc has recorded a Profit After Tax (PAT) of N8.2 billion for the first quarter of 2014, representing a growth of 37 per cent Year on Year.
FCMB, Kano boost cashless policy with customised PoS terminals
The cashless policy has received a major boost with First City Monument Bank (FCMB), Limited and the Kano State Government partnering to launch customised Point of Sales (PoS) machines to fast-track internally generated revenue in Fagge Local Government.
The Lagos initiative: Another first by the telecoms industry
The digital world is here. We are all using various digital devices –smartphones, laptops, tabletops,tablets, phamblets, etc and consuming data,which is the currency of the digital world.
A nation without fuel: Our demand for six new refineries – PENGASSAN
The move by the Federal Government to privatise the four nation’s refineries is unsettling for many stakeholders in the oil and gas sector. While some stakeholders are against the idea, saying the privatization of enterprises like Daily Times, Air Nigeria, NICON Insurance and, most recently, Power Holding Company of Nigeria (PHCN) are not yielding the desired result, others advised government to build more refineries and
