NDIC Receives Award for Support to FICAN, Financial Journalism

To ensure effective service delivery and smooth management of...

Stanbic IBTC Holdings Plc, a member of Standard Bank Group and a...

While the novel coronavirus brought about physical confinement of...

­Ericsson has reported a net loss of SEK6.3 billion...

Members of the Professional Insurance Ladies Association (PILA) with...

From right: Yakubu Gontor, Director, Financial Services, Nigerian Communications Commission...

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.

Linkage Assurance Plc, a prominent non-life insurance company in...