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 […]
Chevron announces production increase
Chevron Corporation has announced that production increases from project ramp-ups in Thailand, the United States and Nigeria were more than offset by normal field declines, the shut-in of the Frade Field in Brazil, maintenance-related downtime and dispositions.
Huge forex coming from rice exportation – Prof. Marley
Professor Paul S. Marley, the Managing Director, Niger River Basin Development Authority, has, in the past two years, been at the helms of affairs in the Authority, striving to key into the transformational agenda of President Goodluck Jonathan in the agriculture sector.
The limits of arbitrary bank charges
The revision of charges in the banking sector by the Central Bank of Nigeria (CBN), to many entrepreneurs doing business in Nigeria, is a welcome development. The charges revision was sequel to the complaints from depositors about what they described as arbitrary charges on banking services.
We’ve reduced poverty level in Nigeria’ through LAPO’s loan scheme – Ehigiamusoe
Mr. Godwin Ehigiamusoe is the Managing Director and Chief Executive Officer of LAPO, a leading development and microfinance organization with operations in Nigeria and Sierra Leone.
Amni, Afren commence new oil drilling at Okoro main field
Amni International Petroleum Development Company and Afren Nigeria had joined forces to commence development drilling at the Okoro East field, following the discovery in January 2012.
