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 […]
Divergent views in debate over relevance of CSR
The practice where Nigerian companies spend billions of naira as Corporate Social Responsibility (CSR) to impact on their operating communities has elicited divergent views from stakeholders and marketing experts.
Stock market hits 3 year high as All-Share Index crosses 40,000 points
Driven by sustained gains by highly capitalised companies, the Nigerian Stock Exchange (NSE) yesterday maintained its impressive performance as the All Share Index rose above the 40,000 mark for the first time in three years.
Naira appreciates to N359.38/$ as I&E records $26bn turnover in 2017
The naira Tuesday recorded its biggest daily appreciation of N1.76 in the Investors and Exporters (I&E) window.
Ease of Doing Business: MAN laments cumbersome process to get waivers
By Gabriel EWEPU MINERS under the auspices of Miners Association of Nigeria, MAN, have lamented the cumbersome process of getting waivers on mining equipment for their operations. The National President, MAN, Sani Shehu, disclosed this in an interview with Sweetcrude, adding that bureaucratic process has affected some of their operations, which supposed not to take […]
Niger/D youths tackle Minister over completion of East-West Road
NIGER Delta youths under the auspices of Niger Delta Youth Congress, NDYC, have tackled the Minister of Niger Delta Affairs, Usani Uguru Usani, over the completion of the East-West Road.
