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 […]
Caverton Group declares N268m dividend
To reward its investors and further strengthen its operations, Caverton Offshore Support Group (COSG) has declared N268 million dividends for its shareholders for the 2011 financial year and has also approved a plan for further diversification of its business-lines. These decisions were taken on Thursday (14 June 2012) at the group’s third Annual General Meeting held at the Southern Sun Hotel, Ikoyi, Lagos.
NAASMAC 2012: 74 students write final exam
Promasidor Nigeria Limited, makers of Cowbell Milk, at the second and final stage examination of its Cowbell 2012 National Secondary School Mathematics Competition (NASSMAC) across four zones with 74 students.
82% computers imported to Nigeria pirated – BSA report
A software piracy report recently released by the Business Software Alliance (BSA), revealed that over 82 percent of software deployed on Personal Computers (PC) in Nigeria in 2011 were pirated, thus the Nigerian Society of Engineers (NSE) has thrown its weight behind Autodesk Africa’s fight against piracy.
82% computers imported to Nigeria pirated – BSA report
A software piracy report recently released by the Business Software Alliance (BSA), revealed that over 82 percent of software deployed on Personal Computers (PC) in Nigeria in 2011 were pirated, thus the Nigerian Society of Engineers (NSE) has thrown its weight behind Autodesk Africa’s fight against piracy.
Premium Pension’s portfolio hits N165bn
Premium Pension Ltd’s consolidated portfolio rose to N165. 112 billion in 2011, indicating an increase of 34.16 per cent over its 2010 portfolio which stood at N124.1 billion.
