archiveMay 19, 2017

About five Deposit Money Banks (DMBs) have violated Central Bank of Nigeria (CBN)’s five per cent Non-Performing Loans (NPL) ratio threshold. Bad loans in banking system soared to more than double the limit set by the CBN as the industry struggles with an economic downturn. The current macro headwinds has...

Military corruption is weakening Nigeria's efforts to battle the Islamist insurgency of Boko Haram, the watchdog Transparency International said on Thursday. Its report underlines the difficulty of achieving two key promises of President Muhammadu Buhari's 2015 election campaign: tackling endemic corruption and defeating an insurgency that has claimed over 20,000...