City Crime
Banks Recorded N5.28trn Non-Performing Loans In 2019 -NBS

Out of the N65.21trillion loans granted by Deposit Money Banks in 2019, about N5.28trillion of them are non-performing loans.
The figure is contained in the Banking Sector Data report which was released, yesterday by the National Bureau of Statistics (NBS).
The Bureau in the report said that for the first quarter, the banking sector gave out loans of N15.54trillion out of which N1.67trillion was classified as non-performing loans.
For the second quarter, about N15.48trillion was provided as loans to the economy, from which NPL was put at N1.44trillion.
In the third quarter of last year, about N16.62trillion loan was advanced by banks to the economy out of which N1.1trillion was categorised as NPL.
For the fourth quarter, the sum of N17.56trillion was granted as loans to the real sector.
From this amount, the sum of N1.05trillion was yet to be repaid.
In terms of volume of transactions, the NBS report said that 893.68million transactions valued at N48.54trillion were recorded in the fourth quarter of last year.
The transactions occurred on electronic payment channels in the Nigeria Banking Sector.
The report stated that NIBSS Instant Payments transactions dominated the volume of transactions recording 342.63million volume of NIP transactions valued at N29.69trillion.
As at the fourth quarter of last year, it put the total number of banks’ staff increased by 2.14 per cent from 101,435 in Q3 2019 to 103,610.
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Foundation To Host National Conference on Value Reorientation In Port Harcourt

The Otonti Nduka Foundation for Values Education, a non-governmental organization based in Port Harcourt, Rivers State, has said that foundation is set to host a one-day national conference on reviving Nigeria’s value system.
The conference which has the theme”Trends and Challenges in Upholding Values in Nigeria,” will take place on November 13, 2025, at the Obi Wali International Conference Centre in Port Harcourt.
Speaking with newsmen at the foundation’s corporate office in port Harcourt, Tuesday,the chairman of the Board of Trustees, Emeritus prof Otonti Nduka disclosed that the conference is being held in collaboration with Rivers State University (RSU) and aims to bring together professionals from across the country to discuss the nation’s values landscape and collectively reset the compass of the society’s ethical and values system.
The emeritus professor hinted that the conference will be chaired by HRM King Diete Spiff, the Amanyanbo of Twon Brass, Bayelsa State while the key note speakers include Dr. Ngozi Okonjo-Iweala, Dr. Akinwumi Adesina, and Bishop Matthew Kukah, all known for their integrity and service.
According to him, the nation’s value system has deteriorated, and concerted efforts are needed to reverse the trend and restore sanity to society , stressing that the conference is designed to chart a new course based on national values and ethical leadership.
Prof. Nduka called for support from governments, public, and private individuals to achieve the program’s objectives.
He noted that the foundation was established in 2006 to revitalize the moral fibre of Nigerian society through the enunciation, inculcation, propagation, and dissemination of positive values.
Earlier in his speech, the Chairman of the conference, prof Hillary Wordu urged the media to partner with the foundation to create the necessary sensitization and awareness for the success of the event.
He assured that the conference would address nagging national values issues, including insecurity, corruption, election malpractice, and injustice.
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