News

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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Flood renders thousands homeless in Kubwa, Gwagwalada

By Henry Umoru Abuja – TRAGEDY struck in Kubwa and Gwagwalada communities of the Federal Capital Territory yesterday as thousands of people were rendered homeless and property worth millions of naira destroyed following heavy flooding in the areas. In Kubwa, one of the satellite towns in the nation’s capital city, it was gathered from some […]

Alabi, Intercontinental Bank MD resumes

The substantive Chief Executive Officer appointed by the Central Bank of Nigeria (CBN) for Intercontinental Bank
Plc, Mr. Mahmoud Lai Alabi, resumed yesterday at the bank’s corporate headquarters in Victoria Island, Lagos.

Robbers kill 2, injured others in bank raid

HELL was virtually let loose yesterday in Ijebu Igbo, Ijebu North Local Government Area of Ogun State, as dare devil armed robbers attacked a new generation bank and later clashed with Peoples Democratic Party (PDP) victory rally leaving no fewer than two persons dead.

PDP may reinstate sacked Plateau exco

By Henry Umoru Abuja- THERE are strong indications that the National Working Committee (NWC) of the People’s Democratic Party (PDP) may be boxed to eat its words and reinstate the dissolved Plateau State Executive Committee of the party. The move by the national leadership of the party, as gathered, may not be unconnected to widespread […]

Mimiko denies sneaking out of Ondo

GOVERNOR Olusegun Mimiko of Ondo State yesterday reacted to the criticism of the opposition party in the state on his one week business trip abroad, saying that it was borne out of mischief and a calculated attempt to blackmail him.

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