Banks cancel N1.9tr bad loans

 Collins Nweze COMMERCIAL banks have written off N1.9 trillion bad loans from their books in the last four years, a report by Agusto & Co,...

Farmers seek FG’s support on loans, grants

Frank Ikpefan, Abuja The National Apex of Nigerian Farmers’ Cooperative Society (NANFACOS) wants President Muhammadu Buhari to give priority to the private sector to enable...

COVID-19: Banks battle new wave of non-performing loans

Banks are literally quaking under the COVID-19 headwinds as the portfolio of non-performing loans continue to rise at an all-time high, reports IBRAHIM APEKHADE YUSUF The...

N100b bond to boost infrastructure in Lagos

Collins Nweze The signing of the Issuance of N100 billion Series III Bond under its N500 billion Bond Issuance Programme by the Lagos State Governor,...

Banks reject payment to foreign business partners

Collins Nweze DEPOSIT Money Banks (DMBs) are turning down payment requests from customers seeking to pay business partners abroad with naira debit cards. Banks are asking...

Virtually all Equatorial Guinea oil business on hold – minister

Virtually all oil and gas projects and licensing rounds are on hold in Equatorial Guinea as the country braces for an extended oil downturn...

Kwara aviation college sends staff on unpaid leave, slashes salaries

The International Aviation College, Ilorin (IACI), Kwara State, has sent its workers on Leave without pay and slashed their salaries for April 2020. The members...

South African Airways faces wind-down or liquidation as cash runs out

South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had...

Mikano sacks over 600 staff

As Lagos state Nigeria enters its third week of lockdown due to the Coronavirus pendamic, family members of over 600 staff sacked by Mikano...

IMF to meet April 28 on Nigeria’s request for $3.4 billion emergency fund

The International Monetary Fund (IMF) on Friday said it would meet on April 28 to consider Nigeria’s request for $3.4 billion in emergency financing...

Arik Air cuts workers’ salaries by 80 percent _ 90 per cent of...

Kelvin Osa Okunbor The coronavirus (COVID-19) pandemic is ravaging Nigeria’s aviation industry, forcing flag carrier Arik Air to take drastic measures including 80 per cent...

UBA records N32.7b profit before tax in Q1

United Bank for Africa Group (UBA) Plc has recorded double-digit improvement across all its major income lines in its first quarter ended March 31st,...

NCDC advises businesses to readjust, plan

As the fight against COVID-19 pandemic continues globally, the Nigeria Centre for Disease Control (NCDC) says there is need for Nigerians, especially businesses to...

NSE resumes April trading with 0.94 per cent loss

Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent. Newsmen report that the...

Heritage Bank rolls out online banking

Heritage Bank Plc said it has taken steps to offer seamless online services to its customers, whilst ensuring the health and safety of their...

First Bank, others to boost e-learning

First Bank will from next month, partner with state governments and international organisations to provide e-leaning solution, its Chief Executive Officer (CEO) Dr. Adesola...

Dangote loses N240b in five hours to coronavirus

Taofik Salako,  WHO declares COVID-19 a pandemic Lagos isolates family of four, two others Africa’s richest man Aliko Dangote on Wednesday lost more than N240...

CBN clarifies position on operation of domiciliary accounts

By Mustapha Sumaila The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks...

NCS boss says non-compliance challenge to Nigeria’s trade

By Lucy Ogalue The Nigeria Customs Service (NCS) said Nigeria’s biggest problem in trade facilitation and processing was non-compliance by stakeholders. Col. Hameed Ali (rtd.) disclosed...

N441tr e-payments made in 90 billion deals

Nduka Chiejina, Abuja A huge N441 trillion e-payments were made in 90 billion transactions in 12 months, the Central Bank of Nigeria (CBN) has said. According...
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