NDIC now Board Member of Islamic Financial Services

By Etuka Sunday The Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board. The NDIC joins the Central Bank of Nigeria (CBN) as the other Nigerian institution on the Board of the IFSB. The approval for the More...

by Peoples Daily | Published 3 hours ago
By Peoples Daily On Wednesday, December 12th, 2018
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More Winners emerge in DiamondXtra savings promo

By Etuka Sunday In line with its commitment towards boosting savings culture and promoting financial inclusion in Nigeria, leading retail lender, Diamond Bank has rewarded 1,016 customers in its 3rd DiamondXtra More...

By Peoples Daily On Wednesday, December 12th, 2018
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STACO Insurance settles N1.243bn Claims in Q3, 2018

From Ngozi Onyeakusi, Lagos STACO Insurance Plc, one of the leading underwriting firms in Nigeria has settled a total claim worth N1.243 billion at the end of third quarter of 2018. The claims paid were basically More...

By Peoples Daily On Wednesday, December 12th, 2018
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PTAD pays N1.5bn to Late NITEL/Mtel Employees’ Beneficiaries

From Ngozi Onyeakusi, Lagos The Pension Transitional Arrangement Directorate (PTAD) has disclosed that it has paid the sum of N1, 565,190,623.12 billion to 500 next of kins of the deceased NITEL/Mtel pensioners More...

By Peoples Daily On Wednesday, December 12th, 2018
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Sovereign Trust Insurance surpasses 2018 N10.1bn target

From Ngozi Onyeakusi, Lagos Sovereign Trust Insurance Plc., one of the leading underwriting firms in the country, has pledged commitment for greater performance come 2019. The quest for this greater performance More...

By Peoples Daily On Tuesday, December 11th, 2018
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Nigeria’s Economic Growth Rate rises to 1.8% in Q3 –NBS

…growth, cheering news – Prof. Uwaleke By Etuka Sunday National Bureau of Statistics (NBS) yesterday in its report disclosed that the nation’s Gross Domestic Product (GDP) grew by 1.81% (year-on-year) More...

By Peoples Daily On Tuesday, December 11th, 2018
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CBN includes Fertilizer in list of restricted items

CBN Governor,Emefiele …to sanction Companies, Banks for policy circumvention By Etuka Sunday The Central Bank of Nigeria (CBN) has included fertilizer in the list of items not valid for foreign exchange in More...

By Peoples Daily On Tuesday, December 11th, 2018
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8100MW Wheeling Capacity: TCN calls for expansion of distribution network

By Etuka Sunday The Transmission Company of Nigeria (TCN) has called for the capitalisation of Power Distribution Companies in the country, to be able to match its current wheeling capacity of 8,100 megawatts. TCN’s More...

By Peoples Daily On Tuesday, December 11th, 2018
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Gombe leads debtor airports as FAAN hammer falls

From Suleiman Idris, Lagos The Federal Airport Authority of Nigeria (FAAN) late last night made real it threat to withdraw critical services to defaulting airports mostly state own whose debt profile the agency More...

By Peoples Daily On Tuesday, December 11th, 2018
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Nigeria security training center will safeguard airports in West Africa, FAAN MD

From Suleiman Idris, Lagos The certification of the Aviation Security Training Center of Federal Airports Authority of Nigeria (FAAN) by the International Civil Aviation Organization (ICAO) has been described More...