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 […]
CITN urges FG to appoint competent hand as FIRS chairman
The Chartered Institute of Taxation of Nigeria (CITN) has urged the Federal Government to appoint a competent hand to head the Federal Inland Revenue Service (FIRS).
Expert calls for guidelines on audit quality
Chairman Audit Committee Institute (ACI), Mr. Christian Ekeigwe has called for introduction of audit guidelines as part of measures to improve audit quality in the country.
ASHON blames continuous stock market crises on trust deficit
The President of Association of Stockbroking Houses of Nigeria (ASHON), Mr. Emeka Mmadubuike, has said that low participation arising from lack of trust still constitute a major snag to the revival of the capital market.
Countries should focus on structural reforms – World Bank
All countries need to focus on structural reforms to drive future economic growth, says Robert Zoellick, World Bank President.
BRIPAN tasks financial regulators on impact of global meltdown
Business Recovery Insolvency Practitioners Association of Nigeria, BRIPAN, has tasked regulators in Nigeria’s financial sector to effectively deploy strategies that will help drive the growth of the country’s capital, money market and financial sectors, in general.
