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NIGERIANS today are trapped under the rubble of a massive economic collapse. They are on the ropes, struggling for breath, with no relief in sight. They just can’t breathe! From one administration to the next, the refrain remains the same: agony is the song; pain’s the game. Yes, much of the blame belongs to government. […]
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IN the first quarter (Q1) of 2024, the Central Bank of Nigeria (CBN) rolled out new recapitalisation rules mandating international banks to raise at least N500 billion. National banks were required to raise N200 billion, while regional banks were asked to meet the N50 billion capital requirement of N50 billion. There were also N20 billion […]
NIGERIA’s banking sector has seen a fresh buildup of bad loans following the withdrawal of COVID-era regulatory forbearance, with non-performing loans (NPLs) rising to an estimated 7 percent, which is above the prudential ceiling of 5 percent, according to the Central Bank of Nigeria (CBN). The disclosure was contained in the CBN’s 2026 Macroeconomic Outlook […]