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 […]
Private operators should drive activities in downstream – Legislator
Chairman of House of Representative Committee on Petroleum Resources (Downstream) Mr Dakuku Peterside, has advised the Federal Government to allow private operators to drive downstream business.
Regulate business lottery, not manufacturing sector, LCCI tells NLRC
The Lagos Chamber of Commerce and Industry (LCCI), has called on the National Lottery Regulatory Commission (NLRC) to regulate the Business of lottery and not the business of manufacturing or production.
CDAR advocates migration policy on remittance inflows to Nigeria
The Director of Centre for Demographic and Allied Research (CDAR) of the University of Nigeria, Nsukka (UNN), Professor Cletus Agu has stressed the need for government to put in place migration policy targeted towards reducing income inequality more in urban areas than in rural areas.
African Economic Outlook warns against excessive optimism
The Africa Economic Outlook has predicted a positive outlook for African economies but warned against excessive optimism about the economic growth prospect of the Continent.
A far cry from Jonathan’s energy transformation
Exactly a year today, President Goodluck Jonathan made sweeping statements regarding his energy vision be it for power and petroleum, for the benefits of all Nigerians.
