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 […]
Competitive SME industry create wealth, vibrant economy
The Group Managing Director of Agile Communications, Rufai Ladipo, has said that healthy and competitive Small and Medium Enterprises, SMEs, will create wealthy and vibrant economy for Nigeria.
NEWN seminar targets 200 women entrepreneurs
Network of Enterprising Women, NEWN, says it is poised to adding value that will ensure sustainability of businesses of women entrepreneurs to contribute to the national economic growth, as it targets 200 entrepreneurs to participate in its 2017 seminar tagged, ‘Partnering and Collaborating for Business Excellence’.
SMEDAN, SAGE to train 5400 school children on entrepreneurship
The Small and Medium Enterprises Development Agency (SMEDAN) in collaboration with US- based Students for Advancement of Global Entrepreneurship (SAGE) is set to train a total number of 5400 school children from 108 schools across Nigeria under the National School Entrepreneurship Programme (N-SEP).
Two Nigerians win Shell global entrepreneurship prize
Two Nigerian business owners, Mr. Precious Adeho and Mrs. Ngozi Deborah Atalor, have emerged winners in the 2017 Shell LiveWIRE Top Ten Innovators competition, a global contest open to beneficiaries of Shell LiveWIRE, and aimed at rewarding shining cases of innovation in businesses supported by the programme.
Isabel dos Santos, daughter of Angola’s ex-president sacked as state oil chief
Angolan President Joao Lourenco on Wednesday fired his predecessor’s daughter from her influential post as head of the Sonangol state oil company, the presidency said in a statement.
