At the centre of this conversation is the Central Bank of Nigeria (CBN), the institution tasked with maintaining financial stability while encouraging innovation in one of Africa's most dynamic digital economies.
I read with keen interest The Nation editorial of June 9, 2026, titled "Non-Performing Loans: Return of the Old Delinquency?" The editorial rightly raises concerns about the growing volume of non-performing loans (NPLs) within Nigeria's banking sector and the potential implications for financial stability. It is an important warning that deserves serious attention from regulators, financial institutions, businesses, and policymakers alike.
That experience brought home a troubling reality: kidnapping in Nigeria is no longer merely a security challenge. It has become a thriving criminal industry, one that extracts enormous wealth from households, cripples economic productivity, devastates communities and leaves deep psychological scars on its victims.
