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 […]
First quarter profit boosts investors’ interest in UBA shares
Investors’ interest in United Bank for Africa (UBA) shares have continued to rise following the release of the bank’s first quarter result (Q1) for 2012.
FG plans 24-hr registration for businesses
The Federal Government will as part of its plans to open up the Nigerian business space for more investments ensure that serious investors who intend to register their businesses in the country do so within 24 hours, says the Minister of Trade and Investment, Dr. Olusegun Aganga.
148,000 farmers to benefit from GES scheme in Yobe – Minister
Dr Bukar Tijjani, Minister of State for Agriculture on Monday said that 148,000 farmers in Yobe would benefit from the Growth Enhancement Support (GES) scheme for the 2012 cropping season.
StarTimes points way to 2015 digital migration
As Nigeria by 2015 moves to digital broadcast, NTA-STAR TV network, owners of StarTimes appears to be pushing for a more robust broadcasting industry, while leading in the provision of Digital Terrestrial Television (DTT) services in Nigeria, introducing MobileMoney platform from Stanbic IBTC.
Insecurity is killing businesses in Nigeria – NECA
President, Nigeria Employers’ Consultative Association, NECA, Chief Richard Uche has decried the threat posed by insecurity to the ease of doing business in Nigeria especially in the Northern part of the country.
