Forbearance Burden: Nine Banks’ N3.24trn Exposure Wipes Out Shareholders’ Dividends Access holdings records N1trn profit, impairment charges rise to N523bn
Kayode Tokede
Following tighter provisioning
regulations and the Central Bank of Nigeria’s (CBN) move to derisk industry assets, a total of
nine banks have declared N3.2 trillion in loan loss provisions in 2025, with the impact negatively
affecting shareholders’ dividend payouts. This comes as Access Holdings
Plc’s audited results for the financial year ended December 31, 2025, released on the Nigerian
Exchange Group (NGX) revealed that the financial institution’s Continued on page 6
ADC Vows to Sue INEC, Amupitan for Derecognising David Mark's Leadership...
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Saturday May 2, 2026 Vol 31. No 11346
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2027: Fubara’s Loyalists Dare Wike, Pick Re-election Form for Governor Women’s group endorses governor, Tinubu’s re-election Adedayo Akinwale in Abuja and Blessing Ibunge in Port Harcourt
In a bold political move that
signals that another rift may be brewing in Rivers State, a coalition of elders and supporters has openly defied the direction of the Minister of
the Federal Capital Territory, Nyesom Wike, by procuring the All Progressives Congress (APC) Expression of Interest and Nomination forms for
Governor Siminalayi Fubara. Daring Fubara’s estranged political godfather, the delegation led by a member representing Andoni/Opobo-
Nkoro Federal Constituency in the House of Representatives, Hon. Awaji-Inombek Abiante, disclosed that elders and leaders across Rivers State took
the decision in the overriding interest of the people. This comes as a group,
Continued on page 6
Opposition, Labour Demand Action asTinubu Declares Hardship, Insecurity Emergency Atiku, Obi knock govt, NLC, TUC set agenda ahead of 2027 States roll out support schemes amid mounting economic pressure NHRC warns workers at breaking point as fuel, living costs surge
Our Correspondents President Bola Tinubu’s declaration of a national emergency on poverty and insecurity on May Day triggered a wave of demands from opposition leaders and organised labour for urgent, far-reaching reforms to address Nigeria’s deepening socio-economic challenges. Tinubu, made the declaration yesterday in Abuja, in his address to the workers and labour unions during the 2026 May Day celebrations. This was as the two Labour centres in the country, the Nigeria Labour Congress (NLC) and Continued on page 6
UNVEILING OYO APC CONSENSUS GOVERNORSHIP CANDIDATE...
L-R: One of the All Progressives Congress (APC) leaders in Oyo State, Alhaji Fatai Ibikunle; APC consensus Governorship candidate for the State, Senator Sharafadeen Alli, another party leader, Senator Ayo Adeseun, during the endorsement of Alli as consensus governorship candidate for the party at Ibadan…yesterday – Story on page 6