- 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.
Npower Payment: Update on Npower Stipend as at December 6 2021
The Ministry of Humanitarian Affairs has gone ahead to provide an update concerning its monitoring of all National Social Investment Programs (NSIP) activities. A training was held on the 26th of November, 2021 with different groups being deployed to examine the program’s activities. These teams are expected to examine the activities of all NSIPs across the country.
As a result of this strategy of monitoring the NSIPs, beneficiaries of the Npower Batch C are admonished to be punctual to their places of primary assignment. Those who don’t visit their places of primary assignment as they are expected to do have also been advised to “step up” and do the needful thing.
It was also announced that volunteers who have exited the Npower scheme are eligible to earn N200,000 on a monthly basis. The money can be earned by teaching for Edukoya, a free learning app that focuses on secondary school.
Also, the National Social Investment Management System (NASIMS), which is responsible for managing the Npower programme has implored the Batch C volunteers to ignore any calls where their ATM numbers are being requested for.
In a Facebook post dated December 4, NASIMS reiterated that ATM details are sensitive details that are peculiar to individuals and should be treated with the utmost confidentiality. NASIMS stated that any such calls are from fraudsters and shouldn’t be considered as official calls coming from the Npower scheme.
The management system also stated that in the course of the call, the fraudsters may ask questions related to the payment of the outstanding September stipend to beneficiaries.
The Npower scheme has lately been heavily criticized for its failure to pay stipends to its volunteers, from September 2021. It recently announced that the September stipend payment has commenced, although it has not circulated to all the beneficiaries yet. However, both those who have been paid and those who have not been paid the September stipend are still expressing displeasure at the situation, asking for payment for the remaining outstanding months.
Emirates Lands In Nigeria In Style
Emirates has today touched down in both Abuja and Lagos, marking the restart of daily services to Nigeria from Dubai. It received a spectacular water canon welcome at Murtala Mohammed Airport, Lagos.
Both flights from Dubai, EK 785 to Abuja and EK 783 to Lagos, were welcomed to Nnamdi Azikiwe International Airport and Murtala Muhammed International Airport with water cannon salutes. Upon arrival, a cake cutting ceremony was also held between Emirates officials and the airport authorities to mark the resumption of operations.
Paulos Legesse, Country Manager Nigeria said: “We are delighted to resume operations to and from Nigeria, and are pleased to see strong interest from our customers, reflected in robust forward bookings from the time of our announcement, as well as today’s full flights from Dubai to Abuja and Lagos. The services will also give our customers the opportunity once again to safely experience Emirates’ superior product and service, offering them convenient travel options to Dubai, an already popular destination for Nigerian travellers, as well as seamless connectivity other key cities across our network.”
The aircraft being deployed to both Nigerian cities is the three class Boeing 777-300ER which offers 8 luxurious First Class suites, 42 generous Business Class seats, and over 300 seats in Economy Class.
Customers across all classes were able to enjoy the airline’s regional delicacies onboard, as well as its renowned in-flight entertainment system, ice, featuring over 4,500 channels of on-demand entertainment, including Nollywood films and content.
Emirates operates to Abuja with EK 785 and 786. EK 785 departs Dubai at 1100hrs, arriving in Abuja at 1540hrs. The return flight, EK 786 takes off from Abuja at 1900, arriving in Dubai at 0435hrs the next day. Emirates flight EK 783 to Lagos departs Dubai at 1030hrs, arriving in Lagos at 1540hrs. The return flight EK 784 departs Lagos at 1810hrs, arriving in Dubai at 0415hrs the next day.
Travelling to Dubai: Ensuring the safety of travellers, visitors, and the community, Covid-19 PCR tests are mandatory for all inbound passengers arriving to Dubai, including UAE citizens, residents and tourists, irrespective of the country they are coming from. Travellers coming from Nigeria must hold a negative Covid-19 PCR test certificate for a test taken no more than 72 hours before departure.
Additionally, the Nigerian Centre for Disease Control (NCDC) has specified designated laboratories for passengers departing Nigeria and travellers must obtain their certificate from one of the labs listed here to be accepted on the flight. Travellers coming from Nigeria will also need to take another Covid-19 PCR test on arrival at Dubai International Airport.
Since it safely resumed tourism activity in July 2020, Dubai remains one of the world’s most popular holiday destinations, especially during the winter season. The city is open for international business and leisure visitors. From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities,
Dubai offers a variety of world-class experiences. It was one of the world’s first cities to obtain Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.
Dubai is currently hosting the world for Expo 2020, happening between October 2021 and March 2022. Through the theme of Connecting Minds, Creating the Future, Expo 2020 Dubai aims to inspire people by showcasing the best examples of collaboration, innovation and cooperation from around the world.
Its programme is packed with experiences to suit all ages and interests, including a rich line-up of themed weeks, entertainment, and edutainment. Art and culture fans as well as food and technology enthusiasts can explore exhibits, workshops, performances, live shows and more.
Emirates continues to lead the industry with innovative products and services and recently took its customer care initiatives further with even more flexible booking policies which have been extended to 31 May 2022.
Npower Latest News: Npower Payment Update as at December 2
The Npower programme has been under a lot of criticism lately for its inability to pay the programme’s beneficiaries their stipends since September. This article will be providing updates concerning the programme, payment of stipends and other updates concerning it.
Earlier in the week, the National Social Investment Management System (NASIMS) posted on its Facebook page that there had been a reversal of payment status. NASIMS apologized for the incident, saying that the reversal was caused partly by instability in network, causing it to bounce back after waiting days to “clinch the next payment process has elapsed.” They stated that they were working on resolving it, and all qualified beneficiaries would be paid eventually.
Then on Thursday, NASIMS addressed a Facebook post to the unpaid beneficiaries of Batch C1. The post informed beneficiaries that payment of the outstanding September stipend had begun.
This comes at a period when the affected beneficiaries are going through a frustrating period, considering the economic situation of the country (with rising prices of food and other products) approaching the festive period. It will come as a relief to many that at least one part of the outstanding payments has commenced, when the demand for the payment has been high in recent weeks.
NASIMS then implored the beneficiaries to continue monitoring their accounts closely, in case they are credited with their stipends without receiving any alerts. The Management System also confirmed that correction of any issues associated with payment is still ongoing, and once again assured the beneficiaries that all those concerned and qualified will be paid.
After posting the update concerning the September payment, NASIMS went ahead to speak concerning the October and November stipend payments. The Management System once again stated that in order to avoid false information, beneficiaries should bear in mind that the payment of the October and November stipends have not started.
NASIMS said that it was still working on issues concerning payment and hoped to settle everything as soon as possible.
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