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 […]
GlaxoSmithKline first quarter turnover up by 30%
The unaudited first quar ter result of GlaxoSmithKline Consumer Nigeria Plc (GlaxoSmith) for the period ended 31 March, 2009 showed that its turnover grew by 30.53% to N3.87bn, compared with N2.97billion in the corresponding period of 2008.
SAA plans capacity building workshop for Nigerian partners
Kenneth Ehigiator South African Airways is organising a three-day marketing capacity building workshop for its 41 travel agents/partners in Nigeria.
NASB, NERC Set to Standardise Electricity Accounting
AS part of efforts aimed at eas ing the transition of the electricity sector to a private sector initiative driven industry, the Nigerian Electricity Regulatory Commission (NERC) and the Nigerian Accounting Standards Board (NASB) have announced plans to evolve a new set of accounting standards for companies operating in the sector.
Ogun state first N50bn bond to open the state for investors — Gbenga Daniel
OGUN state Governor Otumba Gbenga Daniel has disclosed that the state was going to the capital market to raise N50 billion with N28 billion as the first tranche to invest in projects that will help open up the state for investment and have lasting multiplier effect on the economy of the state.
No power, no infrastructure !Yet Chinese factories are flourishing in Nigeria
I had to make my own living and my own opportunity! But I made it! Don’t sit down and wait for the opportunities to come. Get up and make them! —Madam C.J. Walker, America’s first black female millionaire.
