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 […]
Why people are not buying insurance products — CCO Mansard
Chief Client Officer of Mansard Insurance Plc, Mr. Tosin Runsewe has said that people are not buying insurance because many people are not aware of the benefits of insurance.
MultiChoice announces price increase
MultiChoice, Nigeria, a pay-TV provider, has announced an offer for DStv subscribers following an upward review of its subscription fees with effect from October 1, 2012, whilst saying that subscribers who renew their subscription before it expires stand to pay 10 percent less on the old tariffs.
NCRIB plans re-certification of Associates
The Nigerian Council of Registered Insurance Brokers, NCRIB, said plans are already being concluded for the re-certification of NCRIB Associates.
Govt companies urged to include insurance premium in yearly budgets
Insurance experts have said government must see to it that insurance premiums are included in yearly budgets of its organisations to reduce the incidence of non-payment of premiums which characterises insurance operations over the years.
NIMASA to go after importers over proliferation of arms
Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has said that they would go after importers of arms and ammunition that are being used along the nation’s waterways by pirates and sea robbers.
