Nigeria: Banks Reduces Provision for Bad Loans As NPLs Ratio Shrink in H1 Amid Ease in Covid-19 Lockdown

Nigeria: Banks Reduces Provision for Bad Loans As NPLs Ratio Shrink in H1 Amid Ease in Covid-19 Lockdown

With stability in the Nigerian economy following ease in Covid-19 lockdown, some banks Non-Performing Loans Ratio (NPL) dropped in half year ended June 30, 2021, leading to the reduction of provision for bad loans (Impairment losses on financial instruments losses) by the banks. The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele had at the […]

Stock Market Capitalisation Closes At N20.027trn

Stock Market Capitalisation Closes At N20.027trn

Following gains by some blue-chip stocks, the Nigerian Exchange (NGX) Limited sustained an uptrend trend yesterday, pushing the market capitalisation to close at N20.027 trillion. The All-Share Index (ASI) grew by 198.03 absolute points, representing an increase of 0.52 per cent to close at 38,418.04 points. Similarly, the overall market capitalisation value gained N104 billion […]