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 […]
Ooni of Ife, Ozolua partner to tackle malnutrition in Africa
His Imperial Majesty, Oonirisa Adeyeye Enitan Ogunwusi Ojaja II, The Ooni of Ife, has partnered with Empower 54, a non-profit organization, to create awareness and promote solutions to end malnutrition in Africa, which presently kills 2.3 million children annually in Nigeria.
Molfix, Familia emerge multiple winners at ADVAN Awards 2017
Hayat Kimya Nigeria Limited in its first outing at the ADVAN Awards for Marketing Excellence West Africa (2017) after barely three years of operation in Nigeria emerged as the only company to go home with FIVE (5) astounding awards with its two brands, Molfix and Familia amidst strong industry giants across multiple categories.
Maple Cottage condemns heavy tax burden on hospitality sector
The Managing Director, Maple Cottage Limited,Christian Nwalor, has said that until the yoke of heavy tax burden from government is removed, the hospitality business in the country would find it difficult to compete favourably.
L&L Foods vows to reclaim Nigeria’s dominance in global groundnut market
An emerging Nigerian food and beverage company, L&L Foods, has vowed to reclaim Nigeria’s dominance in the global groundnut market.
Fitch issues warning on profitability of Nigerian banks
Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills).
