NAICOM Chief, Segun Omosehin, Pays Courtesy Call on Ondo State Governor in Akure

As Nigeria suffers from the actual global plunge in...

Funnel Logistics Technologies Limited, Nigeria’s pioneer e-logistics technology company...

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.

Africa’s economy has seen modest growth in the wake...

  Nigeria LNG has reaffirmed its commitment to conserving nature...

Looking to 2017 and beyond, Africa’s prospects are positive. According...

The International Air Transport Association (IATA) released its first...

Leading global and local brands in the building, design,...