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 […]
FG should ask public officers, banks’ chiefs to declare assets— Oyepeju
The leader of Ibadan Zonal Shareholders Association, Chief Aderemi Oyepeju has advised the federal government to mandate all public officers and chief executives of banks to declare their assets for ease of accountability and to forestall further embezzlement of public funds.
Bank workers want CBN to probe itself over crisis
ORGANISED labour in the nation’s financial sector has said the Central Bank of Nigeria (CBN), has a major blame for the misconduct and current crisis in the banking arising from ongoing special examinations which has resulted to the sacking of the executives of five banks and called on the apex bank to investigate itself.
Ooni leads obas to La Campagne beach resort
It was royal blessing all the way for the founder of the La campagne Tropicana beach resort, Wanle Akinboboye, as the Oluaye, Ooni of Ife, Oba Okunade Siuade Olubuse 11 and other traditional leaders visited the resort recently.
Aero appoints Syed as MD
The Board of Aero Contractors of Nigeria Ltd (ACN) has announced the appointment of Shafiul Syed as the new Managing Director, Fixed Wing.
Kano set to host tourism day celebration as Ghana calls for media support
As the World Tourism clan prepares to storm Ghana next month for the 30th anniversary of the World Tourism Day, Kano State government says the state is ready to host the country’s edition.
