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 […]
Technology has helped in checking unauthorised sale of shares — Fakrogha, Foresight Securities
Technology has done a lot in terms of enhancing the market; at the same time, it has also posed problem in terms of hacking
Emuwa: Banker with strategic focus on technology
THE Managing Director/Chief Executive, Union Bank of Nigeria Plc, Mr. Emeka Emuwa, has emerged The Vanguard Editors’ pick for Banker of the Year, 2017, after a painstaking evaluation of outstanding performance track records of four other bank chiefs.
Nigeria should have adequate standards for manufacturing products — Red Star CEO
The Chief Executive Officer, CEO of Red Star Express Plc, Mr. Olusola Obabori, in this interview with Financial Vanguard spoke about how the company surmounted challenges in the operating environment especially the foreign exchange scarcity and the recession.
He also spoke about the company’s plan to raise further capital by way of rights issue, among others. Excerpts:
Analysts, stockbrokers project strong equity performance in 2018
CAPITAL market operators have projected a strong performance for the equities market in 2018 after recording a resounding growth where the All Share Index, ASI, grew by 42.3 percent at the close of trading on Friday.
Six banks empower 4,092 customers with N770m
IN a bid to imbibe a saving culture in Nigerians, facilitate financial inclusion and increase customer base, six banks spent about N770 million to empower 4092 customers through savings promotions in 2017.
