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 […]
NUPRC issues permit to 28 companies for flare gas utilization
NUPRC has issued Permits to Access Flare Gas to 28 successful awardees under the Nigerian Gas Flare Commercialisation Programme
Dangote refinery reduces petrol gantry price 16% to ₦699/litre
A source in the 650,000-capacity refinery that pleaded to be anonymous said the refinery introduced the cut to ease transportation costs ahead of Christmas, when millions of Nigerians travel across states to reunite with family.
Nigeria’s oil output drops to 1.486m bpd in November- OPEC
By Udeme Akpan, Energy Editor The Organisation of Petroleum Exporting Countries, OPEC, has said that Nigeria’s oil output, excluding Condensate, dropped by 0.7 percent to 1.486 million barrels per day, bpd in November from 1.496 million bpd produced in October 2025. The Organisation does not consider Condensate, which Nigeria produces about 196,028 bpd, according to the Nigerian […]
Soludo commits to improving aviation infrastructure
…commissions protocol lounge at Chinua Achebe international airport In a move to enhance Anambra State’s aviation landscape, Governor Chukwuma Charles Soludo, has reaffirmed his administration’s commitment to improving aviation infrastructure across the state. Speaking at the commissioning of a new Protocol Lounge at Chinåa Achebe International Airport in Anambra State, Soludo said that it is part […]
CBN to create short code to fast-track complaint resolution
The Central Bank of Nigeria (CBN) yesterday said it is working with the Nigerian Communications Commission (NCC) to create an industry-wide short code that will allow consumers to communicate with their financial institutions anytime, anywhere, with or without internet access. The Director, Consumer Protection and Financial Inclusion Department, CBN, Dr. Aisha Isa-Olatinwo, disclosed this at a […]
