Business

Withdrawal of COVID-19 Forbearance pushes banks’ bad loans above CBN limit

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 […]
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What will you do with $1m?

What will you do with $1m?

What would you do with $1million US dollars?. This has been the question agitating the minds of subscribers connected to the Etisalat network. Surely, you will say, I would definitely be dazed, that is if you are lucky enough to become a winner in the on-going Etisalat 9jillion promo. You sure will say, “my life will turn around for the much better.

Exhibitors laud Baby and child fair

Exhibitors laud Baby and child fair

Exhibitors at the just ended maiden edition of the CFO Baby and Child Fair have commended the organisers for giving them a platform to display their wares. The CFO Baby & Child Fair is the first of its kind in Nigeria.

The place to be; GTB’s new corporate lullaby

The place to be; GTB’s new corporate lullaby

Where is the place to be.? The place to be is a place where everything is easier to achieve, a place to be fulfilled.
The place to be is where treasurers are protected, business is intact, a place re-assured. The place to be, is where there is no frustration, where with the touch of a button, problems are reached and solved.

Oil up towards 72 dollars on economic prospects, Nigeria

Oil up towards 72 dollars on economic prospects, Nigeria

Oil firmed towards 72 dollars a barrelon Friday, gaining for a third day, supported by views on equity markets that the economy may be stabilising and due to geopolitical concerns over key oil producers Iran and Nigeria. U.S. crude rose 49 cents to 71.86 dollars a barrel having topped 72 dollars earlier.