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 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...

By new On Tuesday, November 13th, 2018
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Fashola scores himself high, says Nigerians enjoy better power supply

By Mashe Umaru Gwamna The Minister of Power, Works and Housing, Babatunde Fasholaon yesterday said that the federal government survey and feedback mechanism confirm that many Nigerians now have electricity for longer More...

By new On Tuesday, November 13th, 2018
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Capital Market: SEC restates commitment to Investor’s education

By Etuka, Sunday The Securities and Exchange Commission (SEC) has restated its commitment to further educate and enlighten investors in the Nigerian capital market to enhance their ability to make informed investment More...

By new On Monday, November 12th, 2018
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Naira Abuse: Offenders to get six months imprisonment- CBN

CBN Governor,Emefiele From Ngozi Onyeakusi, Lagos The Central Bank of Nigeria (CBN) said it has plans to deal with anyone found guilty of abusing the Naira. The Governor of the Central Bank of Nigeria ( CBN) Mr More...