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 […]
Sack those responsible for ongoing hardship, petrol scarcity: Nigerians tell Buhari
Nigerian have called on President Muhammadu Buhari to deal decisively with those responsible for the current scarcity of petrol.
OPS expresses frustration over high interest rate regime in 2017
The Organised Private Sector (OPS) Nigeria has expressed frustration over the high interest rate regime which persisted in 2017. In their review of the outgoing year, Manufacturers Association of Nigeria, MAN; Nigeria Employers Consultative Association, NECA; Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) noted that their vigorous advocacy for single digit interest rate regime in Nigeria, specifically five percent, went unheeded, and unfulfilled by the monetary policy.
Fayose supervises sales of fuel at control price of N145
Fayose supervises sales of fuel, accuses FG of using fuel scarcity as ploy to effect increase in pump price.
We’re changing Nigeria from import oriented country — Alok Gupta
Alok Gupta is the Group Managing Director, African Industries Group. In this interview, he discusses the challenges of exporting steel from Nigeria and a variety of issues affecting the steel industry in Nigeria. Excerpt.
We will ensure members comply with regulation — Tinubu
President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr. Shola Tinubu in this interview discusses efforts of the Council to build capacity for members.
