Recapitalisation: Labour Ministry charges banks to protect workers
By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
Nigeria’s mutual funds balloon 96.9 % amid tight monetary policy
By Peter Egwuatu Nigeria’s mutual fund industry has recorded further surge, with total Net Asset Value (NAV) climbing to a remarkable N7.3 trillion in 10 months ending October 24, 2025, an impressive 96.98% growth from N3.7 trillion in the same period 2024. The rise in mutual funds is a reflection of investors’ appetite for regulated and […]
Loan repayment defaults increase in banks —CBN survey
By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey report has shown that banks recorded increased default rates on secured loans in the third quarter of the year, Q3’25. Surprisingly, the CBN report titled: “Credit Condition Survey” which was released yesterday, showed that the default rates on unsecured loans were lower during the review period. However, […]
Stockbrokers outline strategic actions to accelerate transformation of Nigeria’s capital market
By Peter Egwuatu The Chartered Institute of Stockbrokers (CIS) has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and growth of Nigeria’s capital market. At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants emphasised that decisive reforms were essential for positioning the market as a catalyst for national economic transformation. […]
Banks record higher default rates on secured loans in Q3 2025 — CBN Survey
A new report by the Central Bank of Nigeria (CBN) shows that banks recorded increased default rates on secured loans in the third quarter of 2025 (Q3’25), even as credit availability rose across various lending categories.
Nigeria accounts for less than 2.3% of global seafarers
By Godwin Oritse Nigeria accounts for less than 2.3 percent of the global seafaring workforce, with only about 6,000 sailors registered out of the 1.9 million seafarers listed worldwide. Capt. Rasheed Onakoya of the Nigerian Association of Master Mariners (NAMM), disclosed this in a presentation at the quarterly lecture of the association, adding that only deliberate […]
