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 […]
G20 extends free trade vow despite split
World leaders extended by one year their vow not to put up new trade barriers at the Group of 20 summit in a last-minute deal that exposed deep rifts over protectionism. The agreement to refrain from new protectionist measures until the end of 2014 as part of world leaders’ efforts to foster global growth was included in the final G20 communique.
Skye Bank tasks YouWin awardees on funds utilization
Skye Bank Plc has cautioned awardees of the Youth Enterprise With Innovation in Nigeria (YouWin) scheme in Nigeria against the diversion of funds gotten from the government into fruitless ventures.
Healthy seed yam technique brings benefits to farmers
Nigerian farmers are getting cleaner seed yams that promise better harvests in the seasons ahead, thanks to the healthy seed yam producing technique by the International Institute of Tropical Agriculture.
FG releases 14,800 metric tones of fertiliser to Sokoto farmers
Under the Growth Enhancement Support Scheme, GESS, farmers in Sokoto state are to enjoy the supply of 14,800 metric tones of assorted fertiliser from the Federal government.
UACN gets N5.7bn from share sale to South African firm
UAC Nigeria Plc said it earned N5.7 billion from the sale of its stake in one its subsidiaries to South African firm —Tiger Brands Limited.
