Financial Digest

Shipowners Groan Over Nigeria’s N1.5trn Loss

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Indigenous shipowners have bemoaned the N1.5trillion annual revenue losses due to Nigeria inability to substantially harness its ocean blue economy. LEADERSHIP Sunday reports that blue economy is marine-based economic developmental process which leads to improved wellbeing through sound management of marine resources, fisheries, aquaculture, tourism, transportation and maritime and inland ports. However, despite the massive […]

 

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Banking Industry Records N1.5trn In Stage 3 LoansThe latest Banking Industry report by Agusto & Co, has shown that Nigerian banks are yet to recover from the economic recession due largely to the impact of foreign exchange rate crises. The report indicated that analysis of non-performing loans otherwise referred to as stage three loan in the country’s banking sector has risen to […]
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