NDIC begins verification, to pay depositors of 154 closed MFBs

By Etuka Sunday The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it has started verification of the claims by depositors of the 154 microfinance banks whose licenses were recently revoked by the Central Bank of Nigeria (CBN) for various reasons, including insolvency. The Managing Director and Chief Executive of the corporation, Umaru More...

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By new On Wednesday, November 14th, 2018
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CBN injects another $210m into Forex Market

By Etuka Sunday In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained More...

By new On Wednesday, November 14th, 2018
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Sniper on beans saga: SON enumerates codes of practice for preservation

By Miriam Humbe Director General, Standards Organisation of Nigeria, Osita Aboloma on Monday, commended the consumer who reported a beans vendor for using a pesticide for the preservation of the crop on sale to More...

By new On Wednesday, November 14th, 2018
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Voluntary Contribution: PenCom moves to check Money Laundering

From Ngozi Onyeakusi, Lagos The National Pension Commission (PenCom) said it resolved to probe workers who make voluntary contributions up to N5 million and above into their Retirement Savings Accounts. This efforts More...

By new On Wednesday, November 14th, 2018
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‘GNI has not erred against SEC, NAICOM rules’

From Ngozi Onyeakusi, Lagos Great Nigeria Insurance Plc has said it has not received any warning, query or sanctions regarding insider trading from the Securities and Exchange Commission (SEC) or National Insurance More...

By new On Wednesday, November 14th, 2018
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LSETF embarks on Community Engagement

From Ngozi Onyeakusi, Lagos The Lagos State Employment Trust Fund (LSETF) has embarked on a comprehensive community engagement across the Lagos Divisions to share its impact and update on its various programmes, More...

By new On Wednesday, November 14th, 2018
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FG housing scheme brings hope to people -Fashola

By Mashe Umaru Gwamna The Minister of Power, Works and Housing, Babatunde Fashola, yesterday said the federal government has brought hope to the people through the National housing scheme of the present administration. Fashola More...

By new On Wednesday, November 14th, 2018
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National housing scheme: We employ over 1000 people every day -Fashola

By Mashe umaru Gwamna The Minister for Power, Works and Housing Babatunde Fashola said with the Ploit scheme of national housing over 1000 people have been employed every day, apart from the staff of the successful More...

By new On Wednesday, November 14th, 2018
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Renting a home becomes more affordable as wage growth outpaces rent growth

Tenants in the UK spend a third of their pay on rent but wage growth is outstripping rental growth in all regions, the latest rental index shows. It means that wage growth is improving affordability for renters More...

By new On Tuesday, November 13th, 2018
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Mgt, Directors of failed Skye Bank under investigation – NDIC

By Etuka, Sunday The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) are monitoring the investigations of law enforcement agencies instituted against the directors and management More...