Very great funny
LAGOS, April 24 (Reuters) - Nigeria's central bank ordered banks on Friday to crack down on borrowers with non-performing loans (NPLs) in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion. A sharp drop in the global price of oil, Nigeria's main export, has triggered a currency crisis in Africa's largest economy and strained government's finances, while also harming the cash flow of some companies with foreign currency loans. Ratings agency Fitch said in February it expects NPLs for Nigerian lenders to rise above a central bank cap equal to five percent of their total loan portfolio but to remain below 10 percent this year, driven by high credit concentration in oil and gas and power sectors. Under the new plan, banks will give bad debtors three months to square up their accounts. Failure to do will result in them being named and shamed in Nigerian media and being barred from currency and government debt markets. "The Central Bank of Nigeria has observed the rising trend of non-performing loans in the industry," Tokunbo Martins, director of banking supervision, said in a statement.
Hot News Story 1
DGA is a privately owned recruitment company specialising in accounting, banking, finance and executive positions.
Chat Conversation End DGA is a privately owned recruitment company specialising in accounting, banking, finance and executive positions. Established in 1990 DGA quickly built a reputation in both the local business community and internationally for providing high quality candidates and helping our clients build successful teams. Based in Auckland, DGA successfully recruit for positions throughout New Zealand. Our clients include SME's, multi-nationals, major New Zealand corporates, major banks, finance companies, chartered accounting firms, fund managers, investment banks and wealth advisory firms. DGA has been instrumental in building the careers of many New Zealand executives. Fundamental to achieving success for our clients, is our ability to utilise a number of methods for sourcing talent. We are proactive at networking and research, identifying peer group leaders and forming relationships with the long term in mind. Our objective is to secure the best candidate for the role and it is this unique approach that ensures an optimal outcome.
Chat Conversation End DGA is a privately owned recruitment company specialising in accounting, banking, finance and executive positions. Established in 1990 DGA quickly built a reputation in both the local business community and internationally for providing high quality candidates and helping our clients build successful teams. Based in Auckland, DGA successfully recruit for positions throughout New Zealand. Our clients include SME's, multi-nationals, major New Zealand corporates, major banks, finance companies, chartered accounting firms, fund managers, investment banks and wealth advisory firms. DGA has been instrumental in building the careers of many New Zealand executives. Fundamental to achieving success for our clients, is our ability to utilise a number of methods for sourcing talent. We are proactive at networking and research, identifying peer group leaders and forming relationships with the long term in mind. Our objective is to secure the best candidate for the role and it is this unique approach that ensures an optimal outcome.
Hot News Story
Our company was born in 2008. Till 2012 we did not offer our services to the public but in January, 2012 the decision
Chat Conversation End Our company was born in 2008. Till 2012 we did not offer our services to the public but in January, 2012 the decision was made. Now AtrexTrade is a company holding diversified financial services and actively working in Forex trading. It is capitalizing on everyday price movements of currencies pairs. These movements are analyzed by the unique software owned by AtrexTrade and treated in terms of global events to make long term projections. Our company offers its services to individual and institutional investors, as well as several pension funds.
Taylor Swift - Mine
Chat Conversation End With her family recipe in hand, Maria began selling homemade Mexican cheeses to friends and neighbors. Her customers loved her product and as word spread, Maria worked tirelessly to keep up with demand. She was earning money, but needed capital to scale her small business and increase her family’s income. With a $1,500 microloan from Grameen America, Maria was able to buy equipment to store and prepare large batches of cheese. Today, she makes surplus cheese in advance to keep up with demand and increase her sales.
Fuuny Japanese Game Show Compilation
Russia secures China gas deal at last minute
A last minute agreement over a huge gas deal has spared the blushes of Russian president Vladimir Putin and allows him to return home with a 30-year agreement with China. On Wednesday, PetroChina, the country’s state-owned subsidiary of China National Petroleum Corp, announced that it had agreed the deal with Russia that is thought to be worth well over $400bn. The firm did not reveal the exact price details, however.
Russia has been talking up its potential deal with China as a sign that it doesn’t need Europe’s money for its gas, but a sudden delay to its signing threatened to cause embarrassment to Putin.
Whilst he tours China on his first state visit to the country, Putin has been consistently saying that the deal will be signed, therefore offering Russia an alternative source of income for its gas after the recent troubles with Ukraine and western leaders. At the beginning of the week, Russia’s deputy energy minister, Anatoly Yanovsky, had described the negotiations as being “98 percent ready”.
However, what have been fraught and strenuous negotiations between PetroChina, and Russia’s Gazprom looked like they might have failed to be completed by the time Putin departed today. Speaking to the Financial Times earlier this morning, PetroChina spokesman Mao Zefeng said that price issues over the 30-year, $456bn had yet to be ironed out. “We won’t be signing. At the moment the import price and the domestic price are inverted. We are already losing money on imported gas, and we can’t lose more.”
