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 […]
NPA backs Abuja MoU on regional maritime cooperation
By Godwin Oritse Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Speaking at the programme’s launch in Abuja, Dantsoho reaffirmed […]
Stock market: Investors lose N13.3trn in June amid profit-taking
•FTSE Russell delays Nigeria’s Frontier Market status over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […]
Violence against women declines from 9% to 5% in six years— UN Women
By Favour Ulebor Abuja-The United Nations Entity for Gender Equality and the Empowerment of Women, UN Women, has said the prevalence of sexual violence against women in Nigeria declined from 9 per cent in 2018 to 5 per cent in 2024. UN Women Representative to Nigeria and ECOWAS, Ms. Beatrice Eyong, disclosed this during the close […]
NELFUND set to crack down on varsities’ unethical practices
By Joseph Erunke Abuja-The Nigerian Education Loan Fund, NELFUND, has condemned what it described as unethical practices by some tertiary institutions accused of withholding tuition refunds from students and arbitrarily increasing school charges, despite benefiting from the federal government’s scheme. The Fund, in a public notice issued by the Director, Strategic Communications, Oseyemi Oluwatuyi, yesterday, said […]
Economy: No govt can ignore employers — Shettima
Assures FG committed to reducing bottlenecks in doing business By Johnbosco Agbakwuru ABUJA—THE Vice President, Senator Kashim Shettima, said yesterday the Federal Government must keep engagement with the business sector openly. According to him, any government that ignores employers cannot fully understand the economy. Consequently, he said the federal government remained committed to reducing bottlenecks and […]
