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Bad loans threaten 34% of UBA, GTB, Access, Union, other banks' profit in 2016 L
By Babajide Komolafe AGOS — Bad, or non-performing
loans may wipe off as much as 34 per cent of profits in the banking sector if indications are anything to go by.
Analysis of the first quarter 2016 operating results of the banks has revealed that ten banks may have to make
provision to the tune of N174 billion this year in respect of NPLs, representing 34 per cent of their possible
...towards a better life for the people VOL. 25: NO. 63046
**
profitability for the year. Nigerian banks are battling with huge portfolios of nonperforming loans (NPLs),
due to economic downturn, which has led to business failures and
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N200
THURSDAY, JUNE 9, 2016
FG begins recruitment of 500,000 graduates •For teaching jobs •100,000 youths to benefit in non-graduates’ training programmes •Osinbajo launches school feeding programme today •Meets with govs to review strategic plan
BIG BOSS BIDS BYE
By Levinus Nwabughiogu
A
BUJA— THE Presidency, yesterday, announced the take-off of recruitment of 500,000 unemployed graduates, who would benefit from the N500 billion social investment programme of the All Progressives
Continues on Page 5
The late Stephen Keshi as a Captain (left) and coach of Super Eagles.
DROWNED UNILAG 2: Funmi died rescuing her friend, says relative 6
Mr & Mrs
COLUMNISTS: The Erediauwa Nnamani and dynasty: Like co’s beggarly father, like son Villa trip •P.17 •P.17
Militants rebuff dialogue with FG 5