business

The judgment of the Presidential Elections Petitions Tribunal where President Bola Tinubu was reaffirmed as the winner of the contentious February 25 presidential poll may have come and gone, but the memory and impact of the verdict would continue to linger. Tinubu of the All Progressives Congress had scored a total of 8.7 million votes to defeat the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, and his Labour […]

The Nigerian Customs Service, on Sunday, said only two banks were deactivated recently by the NCS over their failure to remit duties collected. It also stated that the erring banks had been reported to the stipulated financial authorities, including the Central Bank of Nigeria, adding that discussions by all the parties were ongoing currently.

At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn non-performing loans by value in the half-year ended June 2023, an increase of nearly 16 per cent from N413.36bn reported in the full year ended December 31, 2022. The other two banks are FCMB […]