Above 97% of depositors would be covered in event of bank failure – NDIC assures
Oct. 26, 2021 … N128.4m in DMBs as at 2019 Mr Bello Hassan, Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), has assured depositors that in the event of…
Ekpo tasks FG on effective implementation of Nigeria-China currency swap
Oct. 26, 2021 An economist, Prof. Akpan Ekpo, has urged the Federal Government to effectively implement the Nigeria-China currency swap as nothing is wrong with it. Ekpo, a former Director…
President Buhari arrives Riyadh for Future Investment Summit
Oct. 26, 2021 President Muhammadu Buhari has arrived Riyadh, Saudi Arabia for the investment conference organised by the Future Investment Initiative Institute. According to a statement by Malam Garba Shehu,…
eNAIRA LAUNCH: PRESIDENT BUHARI SAYS DIGITAL CURRENCY WILL BOOST NIGERIA’S GDP BY $29BILLION IN 10 YEARS
Oct. 25, 2021 The adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called block chain, can increase Nigeria’s GDP by $29billion over the next 10 years,…
Flubot virus: From Europe through Australia to Africa: Things you must know
Days ago, the Nigerian Communications Commission, NCC, raised the alarm on the existence of a malware called Flubot. A malware is a malicious virus created by hackers to compromise your…
Sokoto appeals to FG: Suspend telecoms blockade
The Sokoto State Government has appealed to the Federal Government to suspend its telecoms blockade on 14 local government areas of the state effective since September as part of efforts…
IPMAN alerts FG on fuel price hike by private depot owners
Oct. 22, 2021 The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano has alerted the Federal Government to the alleged decision by some private depot owners to increase fuel…
Revoked licenses: NDIC successfully closes 325 MFBs, 50 PMBs, 49 DMBs
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) says it has successfully closed 325 MFBs, 50 PMBs and 49 DMBs whose licenses were revoked by the CBN with minimal…
Non-performing loan sees improvement from 6.58% to 5.9 % in August 2021
Oct. 22, 2021 … CBN reiterates banks remain stable, resilient The Central Bank of Nigeria (CBN) says banks in the country have remained stable, robust and resilient in spite of…
Payment of liquidation dividends to depositors of failed banks ongoing – NDIC
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends of depositors of banks whose licenses were revoked by the Central Bank of Nigeria (CBN)….