FG May Auction BoA’s Bad Loans To AMCON
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has indicated that farmers would be given the opportunity to acquire shares of the Bank of Agriculture (BoA) within the next three months when its privatisation processes...
Banks Urged To De-risk Asset Portfolios Over Bad Loans
As the levels of non-performing loans remain high in the nation’s banking sector, deposit money banks have been urged to diversify their asset portfolios away from energy-related assets.
Banks’ NPLs, which rose to N2.245tn in the third...
Oil & Gas: IBTC Records 249% Increase In Bad Loans
Stanbic IBTC Bank Plc, despite the sustained rise in crude oil prices over the last two years, recorded a 249 per cent increase in non-perfoming loans linked to the oil and gas sector in 2017.
According...
Dividends: CBN Bars Banks With Huge Bad Loans From Paying
The Central Bank of Nigeria has stopped the payment of dividends to shareholders by Deposit Money Banks and discount houses with huge bad loans and low capital base.
This is due to the rising non-performing loans...
BOI Gets Approval To Recover NERFUND’s N17.5bn Bad Loans
The Federal Government has given approval to the Bank of Industry to recover the N17.5bn outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund.
NERFUND is currently having liquidity challenges owing to its huge...
Still on Losses, Bad Loans and Debts
By Rahma Oladosu
Recent media reports have indicated that Nigeria has lost huge revenues from various segments of the economy, including the agricultural and financial services sectors.
For instance, the Federal Government has spent a total of N3.49tn on domestic...
