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Nigeria’s GDP growth rises to 1.18% in Q3

National Bureau of Statistics has said that banking industry witnessed a significant 41 per cent drop in non-performing loans (NPLs) last year. According to the NBS’s Selected Banking Sector Data for Q4 2019, which was released recently, banks’ NPLs dropped to N1.05 trillion in 2019, down from 1.79 trillion which was recorded during the preceding year.

As part of a robust effort to combat the deadly coronavirus outbreak in Nigeria, the management of Keystone Bank today announced the donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear to contain the spread of the virus.

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FirstBank has announced its donation of the sum of N1billon towards the joint effort by the Nigerian Private Sector Coalition Against COVID-19 (CACOVID) to rapidly expand the health facilities; especially Testing, Isolation, treatment and the provision of Intensive Care Unit (ICU) facilities pivotal to controlling the spread and importantly, treating individuals diagnosed with COVID- 19.

The Pitch by Sterling debuts, offers entrepreneurs N10m seed capital

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Sterling Bank Plc has reported an audited Profit After Tax (PAT) of N10. 6 billion on gross earnings of N150.2 ​ billion for the year ended December 31, 2019, compared to a net profit of N9.2 billion in the corresponding period of 2018, representing a growth of 15 per cent.

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