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 […]
Foreign investment rises 147% to $4bn in Q3
In apparent confirmation of rising confidence in the Nigerian economy, foreign investment into the country shot up by 147 percent year-on-year (YoY) to $4.1 billion in the third quarter (Q3 2017) from $1.82 billion in Q3 2016.
AEDC denies issuing force majeure over direct electricity purchase
THE Abuja Electricity Distribution Company Plc, AEDC, has disassociated itself from notice of force majeure served Bureau of Public Enterprises, BPE, by the Electricity Distribution Companies, DISCOs, over the new Eligible Customer Policy in the Nigerian Electricity Supply Industry, NESI.
Naira depreciates to N360.32/$ in I&E
The naira Monday depreciated slightly to The naira depreciated slightly to N360.32 per dollar at the Investors & Exporters (I&E) window.
Paris Club refunds: I’ll only pay what treasury can afford – Buhari
PRESIDENT Muhammadu Buhari yesterday told members of the Nigeria Governors Forum, NGF, that he will only give to them what the nation’s treasury can afford in order not to collapse the economy.
Nigerian Stock Exchange trading resumes on negative trend, index drops by 0.31%
Activities reopened on the Nigerian Stock Exchange (NSE) on Monday on a negative trend, with the All-Share Index shedding 0.31 per cent.
