NEM Insurance Plc AGM 2023

Businesses in Nigeria can securely request and receive payments...

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The Commissioner for Insurance and Chief Executive of the...

Mrs. Cecilia O. Osipitan Managing Director/CEO Great Nigeria Insurance Plc Great Nigeria...

Adesola Adeduntan CEO First Bank At present, there are over 86,000...

The Commissioner for Insurance and Chief Executive Officer of...

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.