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 […]
Insurance stocks drive NSE turnover by 59%
Equity trading on the Nigerian Stock Exchange (NSE) was driven, Tuesday, by activity in the Insurance sub-sector, accounting for 58.8 per cent of the market turnover.
Iroche assures FinBank’s customers of safety of deposits
The new Managing Director/Chief Executive Officer of FinBank Plc, Mrs. Suzanne Iroche, Tuesday, in Lagos assumed duty at the bank with an assurance that the bank remains sound.
AP pledges to partner govt, corporate firms, for use of LPG
African Petroleum (AP) Plc has stated its commitment to partner with government, corporate bodies and other stakeholder to popularise the use of Liquefied Petroleum Gas (LPG) after the launch of its newly introduced cylinder.
CAPDAN to enjoy World bank community health largesse
Members of Computer and Allied Products Dealers Association of Nigeria (CAPDAN) as well as affiliated businesses and members of their households are set to benefit from the Hygeia Community Health Plan (HCHP). This follows the commencement of healthcare services in designated hospi-tals around Lagos metropolis.
ANLCA election crisis : Idornigie calls for reconciliatory meeting
FOLLOWING that engulfed the chapter elections of the Association of Nigerian Licensed Customs Agents (ANLCA) the immediate past Chairman of the Board of Trustee of the group, Chief James Idornigie has called for an extra ordinary meeting to resolve all the issues at stake.
