Operators have expressed concerns about the government’s inability to provide an enabling environment for the real sector, thereby avoiding the multiplier effect on banks’ Non-Performing Loans (NPLs), as well as their profitability.
27 Aug 2019
In a move to tackle issues of loan default and rising Non-Performing Loans (NPLs) in the banking industry, the Central Bank of Nigeria (CBN) has announced an introduction of a credit protection clause that would be attached to offer letters of banks going forward.
26 Nov 2018
The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the nine months ended September 30, 2018, showing strong financial and operational performance, with gross income of $546.6 million. This represents 14.3 per cent increase from the same period last year, while it recorded a net income of $172.4 million, representing a…
20 Jun 2016
As the flexible exchange rate policy takes off today, there is no less than $4 billion worth of unmet demand, which has raised a new concern over its clearance within the targeted four weeks.