Business

How Inside Jobs And Policy Shocks Trigger Nigeria’s Rising Loan Crisis

The latest in the Nigerian banking sector, as banks grapple with the recapitalization compliance deadline, is confronted with a familiar yet unsettling problem that stems from rising loan defaults amid expanding credit. Data from the Central Bank of Nigeria’s (CBN’s) latest macroeconomic outlook of 2025 showed that the banking industry’s Non-Performing Loans ratio climbed to an estimated 7 percent, pushing the sector above the prudential ceiling of 5 percent.

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‎Seplat Energy Announces Appointment Of Tony Elumelu As Non-Executive Director

‎Following the Company’s prior announcement regarding the sale of Etablissements Maurel et Prom SA (“M&P”) 20.07% shareholding in Seplat to a combination of Heirs Holdings Limited and Heirs Energies Limited, the Board of Seplat Energy Thursday announces the resignation of Mr. Olivier Cleret De Langavant as a Non-Executive Director effective 22 January 2026.

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