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Banks’ non-performing loans hit N1.676tn

Banking sector’s non-performing loans stood at N1.676tn as of the end of March 2019, latest statistics from the National Bureau of Statistics revealed. The gross loans recorded in the banking sector stood at N15.480tn, while the loans after specific provisions stood at N13.739tn in the period under review. The ratio of the non-performing loans to […]

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US introduces new visa requirements

Nearly all applicants for United States’ (US) visas will have to submit their social media details under newly adopted rules. The State Department regulations say people will have to submit social media names and five years’ worth of email addresses and phone numbers. When proposed last year, authorities estimated the proposal would affect 14.7 million […]

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MTN pays final N55bn to complete N330bn NCC fine

MTN Nigeria Communications Plc (MTN), has paid the sixth and final instalment of N55 billion to the Nigerian Communications Commission (NCC). This completes MTN’s payment of the N330 billion negotiated settlement agreed between the NCC and the company in 2016. According to Tobechukwu Okigbo, MTN’s chief corporate relations officer, the successful resolution of the fine […]