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 […]
ICAN pegs economic transformation on good governance
For economic transformation to be achievable as envisaged by the vision 20:2020 document, there is a need for the right tone to be set by persons who have responsibilities relating to governance, says Mr. Adedoyin Idowu Owolabi, President, Institute of Chartered Accountants of Nigeria, ICAN.
LASG keys into alternative sources of energy
In order to address environmental challenges facing the country and to reduce carbon emission responsible for global warming, the Lagos state government said it has keyed into alternative sources of energy.
Disasters: Need for govt to be prepared
The recent Dana plane crash has raised a lot of dust and the need why government should be ready for quick intervention in times of disasters.
Cashless: Banks flag off road show in Lagos
Banks have flagged off a pilot road show to enlighten and encourage traders and the public at large to embrace the cash-less banking initiatives, recently introduced by the Bankers’ Committee.
Govs tasked on CBN’s agricultural loans to boost food production
The 36 state governors including the FCT administration have been urged to take advantage of the Central Bank of Nigeria (CBN)’s new agricultural financing initiative to boost food security in their states.
