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 […]
N7m clears container in Cotonou, same cargo costs N15m in Apapa — IMAN
•Importers remain govt’s biggest revenue source after oil — Yar’adua By Efe Onodjae The Importers Association of Nigeria (IMAN) has decried the rising cost of cargo clearance at Nigerian ports, revealing that while it costs between N7 million and N8 million to clear a 20-foot container in Cotonou, Benin Republic, the same container attracts between N14 […]
Stewardship, not seizure: What the Union Bank case is really about
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is dry on the appeal filing, the narrative has already hardened: the regulator overreached, investor confidence is shattered, and Nigeria’s financial governance is on trial before the world.
Vegetable oil policy in crisis as imports dominate- Producers lament
•Warns policy failure hurting local oil investors By Cynthia Alo Vegetable and edible oil producers have raised alarm over the continued dominance of imported brands despite the retention of items in the Federal Government’s prohibition list under the 2026 fiscal policy measures. According to the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey […]
Banks, insurers, others record 8.5% growth in GDP to N1.93trn
By Babajide Komolafe Financial institutions including banks and insurance firms recorded a 8.5 per cent growth in real Gross Domestic Product, GDP to N1.9 trillion in the first quarter of 2026, Q1’26 from N1.78 trillion in Q1’25. The National Bureau of Statistics, NBS disclosed this in its GDP report for Q1’26. The report showed that the financial […]
Maritime lawyers seeks stronger legal framework for NSW
By Godwin Oritse The Nigerian Maritime Law Association, NMLA, has called for a robust legal and regulatory framework to ensure the successful implementation of the National Single Window, NSW, project in Nigeria. According to the association, the National Single Window initiative of the Federal Government is designed to improve operational efficiency through faster cargo clearance processes, […]
