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 […]
Leadway Pensure PFA celebrates 20 years of trust, service, Innovation
By Rosemary Iwunze Leadway Pensure PFA, a Pension Fund Administrator in Nigeria, proudly celebrates its 20th anniversary. This milestone marks two decades of trust, exceptional service delivery and value creation in its mission to protect the financial wellness of Nigerian workers. Over the last 20 years, the PFA has served thousands of customers across Nigeria […]
CBN: FATF grey list exit lifts naira, as reserves cross $43bn
The financial markets have responded positively to the Financial Action Task Force (FATF) removal of Nigeria from its grey list of countries with money laundering and terrorist financing risks. The naira, foreign reserves and investors’ confidence have soared to new heights.
Capital Market: T+2 settlement cycle begins November 28 —SEC
By Obas Esiedesa, Abuja The Securities and Ex change Commission (SEC) has announced that Nigeria’s capital market will officially transition to a T+2 (trade date plus two days) settlement cycle for equities transactions with effect from Friday, November 28, 2025, in a move designed to align with global best practices and enhance market efficiency. Hitherto, […]
NEM, Casava, Axa Mansard, SCIB, shines at 2025 Almond awards
By Rosemary Iwunze The 2025 Almond Insurance Industry Awards tagged ‘Recharged Edition’ has bestowed NEM Insurance Plc winner in the General Insurance Company of the Year Category. The event was held on Friday 7th November, at the Stable Event Center Lagos amidst pomp and pageantry. AXA Mansard clinched Life Insurance Company of the year. Casava […]
Nigeria’s economy expands 11th consecutive month
By Elizabeth Adegbesan Nigeria’s economy expanded for the eleventh consecutive month as Central Bank of Nigeria, CBN, Purchasing Managers’ Index rises to 55.4 index points in October 2025 from 54 index points recorded in the previous month. According to the CBN report, sectors that led the expansion include industry, service and agricultural sectors. The report stated: “The […]
