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 […]
Inflation: CBN has limited options – Rewane
The Central Bank of Nigeria (CBN) has limited options to forestall further increase in the inflation rate, said Bismarck Rewane, Chief Executive Officer, Financial Derivatives Company.
OTC 2012 ends with record participation
The 2012 edition of the Offshore Technology Conference, OTC, ended in Houston, Texas, USA, last week with a record 89,400 attendees in its 30-year history.
Total bores relief wells to tackle Nigeria gas leak
French oil company, Total, has begun drilling two relief wells at a gas plant in Nigeria that was shut down last month because of a leak caused by a technical incident, it said on Sunday.
Experts canvass deregulation of Nigeria’s power
Power sector deregulation has been identified as one of the major means of attracting investors and new investments into Nigeria’s power sector.
NGA to ensure active participation in Nigeria gas
The Nigerian Gas Association, NGA, has promised to use its learning programme to boost the development of home grown talents that will guarantee active participation of Nigeria’s gas sector without compromising international best practices.
