Business

Withdrawal of COVID-19 Forbearance pushes banks’ bad loans above CBN limit

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 […]
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‘Akwa Ibom will become hub of agriculture in 2020’

‘Akwa Ibom will become hub of agriculture in 2020’

“Akwa Ibom State will become the hub of agricultural activities in Nigeria and the entire West African sub-region by 2020, when the efforts of the current government in developing agriculture begins to yield positive results within the medium term and in the long-run expectation. Also, output optimisation in agriculture in the state will translate into job creation for the indigenes, especially the youths”, said, an entrepreneur, Princess Gladys Assam.

Nothing can quell my passion for vocational skills— Bawo, Microbiologist turned entrepreneur

Nothing can quell my passion for vocational skills— Bawo, Microbiologist turned entrepreneur

In 2005 when she suffered a first-degree burn in her booming bakery and was grounded for two years, nobody imagined Bawo Onabanjo would ever step a toe in a bakery as her hands were practically rendered useless. Today, the Microbiologist turned Event Management Consultant isn’t only back to her first love but also teaching others every single skill she is adept at. Bawo who is married to Dr. Stephen Olumuyiwa Onabanjo, a medical practitioner and pastor, speaks on her forthcoming training holding in Lagos from 22nd through 27th of February, 2016, in this interview, and much more.

SWF: NSIA, IFC collaborate to boost investment in health sector

SWF: NSIA, IFC collaborate to boost investment in health sector

THE Nigerian Sovereign Investment Authority (NSIA) managers of Nigeria’s Sovereign Wealth Fund has entered into collaboration International Finance Corporation (IFC) in order to boost investment in the healthcare sector especially to develop private healthcare.

NASME laments inability to access N220bn intervention fund

NASME laments inability to access N220bn intervention fund

Nigerian Association of Small and Medium Enterprises (NASME) has lamented inability of the micro, small and medium enterprises, MSME sectors to access the Central Bank of Nigeria’s N220 billion intervention funds, saying the bulk of the money is still in the apex bank’s vault.

Dangote says Currency situation tight

Dangote says Currency situation tight

Dangote Group, Nigeria’s largest company, is struggling with a constricted supply of foreign-exchange in the country and is relying on its international cement operations and export-credit agencies to get around the shortage, reports BloombergBusiness.