DTN-10-6-19

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Bad loans: 10 Banks loans provision drop by 56.7% to N235.75bn in 2018 Decline in impairment charges, a theme for tier 1 banks in 2018-Analysts ‘Non-compliance by banks will make it inevitable for auditors to qualify accounts’

Motolani Oseni, Lagos A total of 10 commercial banks in Nigeria have reduced their bad loans provision by 56.7 per cent to N235.75 billion in 2018, as against accumulative N544.6 billion loan loss provisions by the lenders in 2017, The Daily Times https://plus.google.com/+DailytimesNgr/posts

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findings revealed. However, stability in the global oil prices was said to be responsible for the improved loan’s repayment. But our checks showed that the 10 commercial banks recorded a significant decline in bad loans provision (impairment charges for

Smuggling, dumping, challenges to economic policies g 6 Continued on page 3 – Emefiele MONDAY, JUNE 10, 2019 VOL. 3 NO. 965 N100

2 weeks after inauguration

g5

Buhari yet to make any appointment SGF, Chief of Staff, media aides act without reappointment Nigerians express concern, fear repeat of 2015 scenario

L-R: Publisher, Thisday Newspaper, Nduka Obaigbena; Chairman, Zenith Bank, Jim Ovia; Chairman, FBN Holdings, Oba Otudeko; Lagos State Governor, Babajide Sanwo-Olu; Governor of Central Bank of Nigeria (CBN), Godwin Emefiele; President, Dangote Group, Aliko Dangote and Founder/former Chairman, Stanbic IBTC Holdings Plc, Atedo Peterside, during consultative round table with private sector organised by CBN...at the weekend.

Senate Presidency: Ndume unfolds 9-point agenda, seeks legislative independence g11

Malami faces disciplinary panel over comments on Dasuki’s detention g 5

Presidential election petition tribunal resumes hearing today g 3

Finally, Buhari accepts Justice Onnoghen’s resignation g 6


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