Anchor Insurance 33rd AGM 2023

Sanlam Nigeria, a leading insurance company, comprising Sanlam Life...

L-R: Engineer Ikechukwu Nnamani, President, ATCON, receiving the Telecom...

In Nigeria, a country of nearly 200 million people,...

  Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

Almond Productions Limited, promoters of the annual Insurance Consumers'...

Last week, EnergyNet’s Managing Director, Simon Gosling joined CNBC...

L-R:  Abubakar Sani Sambo, Chairman Board of Trustees, Renewable...

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.