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Non-performing Loans in Banks Jump to N2.24 Trillion

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bank loans
  • Non-performing Loans in Banks Jump to N2.24 Trillion

Non-performing loans in the Nigerian banks rose to N2.245 trillion as of September 2018, according to the National Bureau of Statistics (NBS) report.

The report revealed that the nation’s loans stood at N15.861 trillion, while loans with specific provisions stood at N13.332 trillion.

According to the NBS, the total non-performing loans were estimated at N1.939 trillion as at June, while gross loans and loans with specific provisions were N15.50 trillion and N13.587 trillion, respectively.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Person With Disabilities, PWDs, Calls for Inclusion in COVID-19 Vaccine Priority Group

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Persons with disabilities, under the auspices of Centre for Citizens with Disabilities, CCD, on Friday expressed concerns over alleged exclusion from the priority groups that would first receive COVID-19 vaccination.

In a statement signed by David Anyaele, Executive Director, CDD, persons with disabilities are susceptible to contact COVID-19 infection compared to able-bodied persons, hence they should be prioritised for the vaccine.

The statement reads, “As laudable as the effort of the federal government on the public vaccination against COVID-19, CCD is worried that persons with disabilities are missing amongst the prioritizing groups to be vaccinated from this batch.

“We are also concern that the developing protocols for vaccination of Nigerians made no reference to persons with disabilities. Our worries is premised on the fact that persons with disabilities are susceptible to contact COVID bearing in mind their inability to operate independently most time hence the need to be given topmost priority in vaccination exercise.

“It is on this note that CCD is calling on the Presidential Task Force (PTF) and the States Task Force on COVID-19 to: Prioritize persons with disabilities in the first groups of public vaccination. This is because PWDs in Nigeria are highly discriminated by State and non-State institutions in particular healthcare service providers.

“Ensure the venues for vaccinations are accessible to persons with disabilities in line with Discrimination against Persons with Disabilities (Prohibition) Act 2018. PWD must suffer further disability in their efforts to get vaccinated as more than 95% of public infrastructures are not accessible to citizens with disabilities.

“All Covid-19 vaccination information, education, and communication materials should be accessible to all. Where there is a video material, we request that such material has a sign language interpreter inserted on the video, and the audio advert must ensure that all information is pronounced for the benefit of the deaf and blind citizens, the process should be communicated inaccessible manner to all persons with disabilities.

“No one should be left behind in the distribution and administration of Covid-19 vaccination by reason of his or her disability.”

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Africa’s WorldTour Team Partners With UK Safety App Leaders

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Busby, the UK’s leading micro-mobility safety app, founded in Liverpool has today announced their partnership with Team Qhubeka ASSOS, Africa’s only UCI WorldTour cycling team.

Ride safe with us, sign-up here: https://bit.ly/38drPim

Busby, launched in November 2019 by Liverpool-born friends Barry Green, James Duffy and Kirk Ryan, aims to make bike riding, as well as other sports and activities, safer.

Busby, which as of August 2020, is the only automatic incident response app globally, works with the sensors in your phone to ensure your safety. If a user is involved in an incident the app will begin a 30 second countdown to move or respond and if there is no movement or response their exact location is sent to emergency contacts so help can arrive quickly.

In order to prevent incidents Busby also alerts other nearby road users that a cyclist is nearby to raise awareness. In only a year of operation, Busby’s app has been downloaded by tens of thousands of people in over 85 countries globally.

Team Qhubeka ASSOS, formerly NTT Pro Cycling, races at the very highest level of sport which includes the Tour de France, Giro d’Italia and the Vuelta a España, together with the sport’s key stage races and the one day races including the five Monuments of cycling.

The organisation also includes our under 23 development outfit, Team Qhubeka, which is based in Italy and races under a UCI Continental licence.

Not only is the team a high performance sporting outfit but is it is also a purpose-led organisation, highlighted by its long-standing partnership with the Qhubeka Charity and the philosophy that bicycles change lives.

The collaboration between Team Qhubeka ASSOS and Busby will see not only the cyclists but the team behind them get a free premium Busby subscription which provides users with additional safety on the roads such as incident detection, incident prevention, near-miss reporting and an SOS Busby flare feature if a rider needs medical or mechanical support.

Douglas Ryder, founder and principal of Team Qhubeka ASSOS, said:

“Running a cycling team is like where business is today, a hybrid working environment where you don’t physically see people every single day. And then when your team or business is built with people and is about high performing individuals; knowing where they are and if they are safe is paramount to them doing their job and us doing ours.

“This is the reason Team Qhubeka ASSOS is partnering with Busby, the best cycling app for road safety, for both our staff and riders. It gives us peace of mind, our families peace of mind and makes us more responsive for medical or mechanical assistance. You’re never alone with Busby.”

James Duffy, Co-Founder of Busby, said:

“This is certainly a milestone for Busby, our first World Tour Team and we’re absolutely thrilled to help further protect Team Qhubeka Assos and their staff members whilst they are on and off the road.

Road safety is a global issue and the 8th leading cause of death in the world and our mission is to help improve road safety for all vulnerable road users with our technology. The core safety features are free, and with our partnership with Team Qhubeka Assos we want to push Busby across Africa and help protect as many people as possible.

Whether you’re cycling, horse riding, walking to school or going for a run, Busby will be by your side all the way and if (god forbid) something irregular occurs, Busby will recognise it and send your exact location to your loved ones, emergency contacts or your employers so help can arrive as quickly as possible.

We are excited to announce a number of new features in the next month or so such as GroupSafe – keeping users together in a group safely, SmartStart – Busby automatically turns on if you are active, even if you forget to turn it on and the ability for us to pay users for being safe with a digital currency (stay tuned!).”

Busby is available to download for free on iOS and Google Play.

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NSE to Mark 2021 International Women’s Day on Monday

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Nigerian Stock Exchange

NSE to Mark 2021 International Women’s Day on Monday

The Nigerian Stock Exchange will join securities exchanges all over the world to commemorate International Women’s Day 2021 and host its 7th Annual Ring the Bell for Gender Equality Monday.

The event is in collaboration with Sustainable Stock Exchanges (SSE) Initiative, United Nations (UN) Women, United Nations Global Compact (UNGC) and International Finance Corporation (IFC), according to a statement.

Billed to hold virtually, the event will build on the global theme, #ChooseToChallenge, and will culminate in a digital closing gong ceremony.

The statement said members of the stockbroking community, analysts, regulators, media and other interested participants could register via https://bit.ly/nse-iwd-2021

It added that in line with Consistent with NSE’s objectives to accelerate progress and impact on the advancement of women across all spheres of life, the event would feature discussions that highlight the business case to challenge the norm.

According to the statement, confirmed speakers at the event include, Otunba Abimbola Ogunbanjo, President, National Council, NSE; Mrs. Catherine Nwakaego Echeozo, 2nd Vice President, National Council, NSE; Mrs. Fatimah Bintah Bello–Ismail, Ordinary Member, National Council, NSE; Mrs. Erelu Angela Adebayo, Ordinary Member, National Council, NSE; Mrs. Opunimi Akinkugbe, Founder, Director, Bestman Games; Mr. Oscar N. Onyema, Chief Executive Officer, NSE; Ms. Tinuade Awe, Executive Director, Regulation, NSE; and Mr. Bola Adeeko, Divisional Head, Shared Services, NSE.

Others are Mr. Kevin Njiraini, Regional Director, Southern Africa & Nigeria, International Finance Corporation (IFC); Mrs. Oluwasoromidayo George, Chairperson, United Nations Global Compact (UNGC) Network Nigeria; Mr. Lansana Wonneh, United Nations (UN) Women Deputy Representative, Nigeria and ECOWAS; Mr. Patrick Akinwuntan, Managing Director/Regional Executive, Ecobank Nigeria; Ms. Ivana Osagie, Founder, Professional Women Roundtable (PWR); and Ms. Eme Esien Lore, Nigeria Country Manager, IFC.

The statement said the webinar would also feature a special focus on the peer-to-peer learning programme under the Nigeria2Equal programme, a three-year project towards which the IFC will collaborate with the NSE to reduce employment and entrepreneurship gaps in Nigeria through the private sector.

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