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 […]
2013 fiscal framework and the debt stock
The recent approval of 2013 fiscal framework with projected revenue of N3.891 trillion and N4.929trillion for expenditure by the Federal Government, while 2012 Budget is still in implementation stage and has been contested by House of Representatives as well as various interest groups has sparked controversy in the economy.
‘The risk-focused banking supervision option’
Regulators in the banking industry have been advised to embrace risk-focused banking supervision technique as a new tool to deal effectively with the new challenges posed by globalisation and liberalisation in the financial system to ensure efficiency in banking supervision.
FG approves single window goods clearing system
The Federal Government has announced the approval of the Single Window system of clearing goods at the nation’s ports in order to facilitate international trade and investments.
Liquidated DMBs, MFBs: NDIC commences inspection of agent banks
The Nigeria Deposit Insurance Corporation (NDIC) said it has begun on site visitation to select agent banks to ascertain their level of compliance with processes of ensuring prompt payment to depositors of liquidated Deposit Money Banks (DMBs) and MicroFinance Banks (MFBs).
Partnership Investment shareholders okay N144.5m dividend
…Records 21% earnings growth
Shareholders of Partnership Investment Company Plc have endorsed the N144.5 million dividend payout proposed by its Board of Directors for the financial year ended December 31, 2011.
