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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Vocation and technical education – a key to improving Nigeria’s development. Part 2

Vocation and technical education – a key to improving Nigeria’s development. Part 2

As the Roman Historian, Plutarch (AD 46-120?) had noted “The mind is not a vessel to be filled but a fire to be kindled.” Given their corrupt and greedy lifestyles Nigeria’s leaders do not seem to care about integrity or moral values. They are good at predicting the future without creating it. As Peter Drucker has observed “If you want to predict the future, create it.”

Behold the NYSC entrepreneurs

Behold the NYSC entrepreneurs

There have been developmental initiatives across various sectors and tiers of government, to address the problem of youth unemployment in the country. However, these efforts have made little or no impact considering the enormity of the problem. Most of the initiatives fall short in terms of scope and scale.Today, the National Youth Service Corps (NYSC) is probably the only government institution that has presence (infrastructure and personnel) in all the 774 local government Areas (LGAs) of the country, putting it in a position to be reckoned with, in ensuring youth empowerment.

Truck queues may return to Apapa ports

Truck queues may return to Apapa ports

Long truck queues may resurface at the scanning sites in Apapa ports as the management of APM Terminals Apapa Limited, the concessionaire handling Apapa terminals, has threatened to withdraw scanning logistics at the ports, stressing that it may be forced to review the voluntary logistics support it is providing to port users in getting their containers scanned.

‘We grow small businesses on the internet’

‘We grow small businesses on the internet’

Deepankar Rustag is Managing Director, VConnect Global Services, a local search engine that provides information of product services and business. In this interview, he says the success of small and medium scale enterprises in Nigeria requires collaborative support of government and local banks.

Opening the frontiers of International business in the east

Opening the frontiers of International business in the east

President Goodluck Jonathan’s gigantic steps to improving agriculture in the country are getting a boost with the recent establishment of an Agricultural International Market in Enugu State. The market which is a sole venture from a reputable industrial outfit based in Lagos, Eugene-Rose, will surely break the much needed barrier in the growth of commerce and industry in the south eastern part of Nigeria.

DRC embraces Airtel’s money facilitates 

DRC embraces Airtel’s money facilitates 

Bharti Airtel, a global telecommunications company with operations in 20 countries across Asia and Africa, is emerging as one of the most preferred financial services providers in the Democratic Republic of Congo, helping to further widen  the country’s financial sector.

Diaspora Investment summit holds in UK

Diaspora Investment summit holds in UK

Businessmen, captains of industries, international investors, financial advisors, heads of government parastatals will today gather in the UK for a two-day summit on exploring business opportunities in Nigeria.