AMCON CEO at Inter-Agency Committee Meeting on Debt Recovery

L-R: Commercial Director, Vodacom Business Nigeria, Solomon Ogufere; Head,...

N1billion. That is, according to the Arewa Consultative Forum’s...

Nedogas Development Company Limited (NDCL), a Joint Venture company...

By Michael Owhoko, Ph.D Without prejudice to extent of preparations,...

A joint scholarship scheme ("TQJS") titled TEPNG/ Quai d’Orsay,...

From Left: Executive Director, SUNU Assurances Plc, Mr. Adeleke...

Fidelity Bank Plc has announced its audited financial results...

Citing rising level of non-performing loans at 15.7 per cent and commercial banks’ borrowing from their central banks at nine per cent of liabilities in the West African Economic and Monetary Union (WAEMU), the International Monetary Fund (IMF) has strongly advocated increase in banks’ capital adequacy requirements to maintain sound financial stability for regional economic growth. The Fund observed that while the average capital adequacy ratio of banks (9.3 percent) was above the minimum required (8 percent) at the end of June 2014, it was however lower than the minimum required in half of the countries in the region, just as the level of non-performing loans reached 15.7 percent of total loans.