vimarsana.com

Page 34 - சொத்து மேலாண்மை நிறுவனம் ஆஃப் நைஜீரியா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Today, a prophet is recognized by his own people

Today, a prophet is recognized by his own people JAN 3, 2021 Pictures, they say, sometimes speak louder than words. To some extent, that might be true. It is just as these colourful pictures captured the vibrancy of the chieftaincy title-taking ceremony of Professor Kingsley Chiedu Ayodele Moghalu, Deputy Governor of the Central Bank of Nigeria (2009-2014) and Presidential candidate of the Young Progressives Party (YPP) during the 2019 presidential elections. The event took place in his native Nnewi Community on Monday 28 December 2020. Professor Moghalu was conferred with the traditional title of “Ifek’ego” – meaning “Greater than Money” – by the traditional ruler of the Ancient Kingdom of Nnewi, HRH Igwe Dr. Kenneth Orizu III at the Igwe’s 57th annual Ofala celebration. The Igwe celebrated the Ofala on his 95th birthday anniversary and used the opportunity to honour a few indigenes of the community who distinguished themselves in various disciplines. Professor

RipplesMetrics: Nigeria ranks 10th in non-performing loans, as micro-finance banks write off N7 35bn bad debts in 5 years

Even with a consistent decline in the last three years, Nigeria’s non-performing loans ratio is still one of the highest among peers in Africa at 10th place. The latest banking data published by the National Bureau of Statistics (NBS) reveal that out of the N19.46 trillion loans given out to customers in the third quarter, 5.73 per cent which is N1.16 trillion is in default, a figure higher than nine other African countries. South Africa, Africa’s second largest economy, has a non-performing loan ratio of 5 per cent as at September 2020; Egypt, 3.9 percent as at June 2020; Botswana, 3.9 per cent; Lesotho, 4.5 percent; Gambia, 3.3 percent; Mauritius, 5.6 percent; Seychelles, 2.6%; Rwanda, 4.9 per cent; and, Uganda, 5.7 per cent.

Banks loan defaulters almost wrecked Nigerian economy – AMCON – Punch Newspapers

Punch Newspapers Sections Okechukwu Nnodim, Abuja The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention. AMCON, an agency of the Federal Government, also stated that its intervention in the country’s aviation sector was what made Nigeria to have a semblance of an aviation industry. AMCON has been intervening in diverse sectors of the economy by buying off the bad debts of businesses at the verge of collapse, as often times the corporation had taken over some of these ventures.

Osoka Replaces Onwuka As Enterprise Bank Chairman

Following the recent resignation of Mr Emeka Onwuka as chairman of the Board of Enterprise Bank Limited, the bank has announced the appointment of Sir Ogala Osoka as the new chairman. Onwuka resigned his appointment on October 1, 2013, to enable him work with a group of investors who intend to acquire Asset Management Corporation of Nigeria (AMCON) shares in the three nationalised banks. Osoka has been a non-executive director of Enterprise Bank since November 2011 and also the chairman of the Board Credit Committee. A highly experienced manager of human and material resources, Osoka was trained at the City of London College (London Metropolitan University) and University of Nottingham. He also currently chairs a good number of organisations and sits in others as a Board member.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.