Finance

The Nigerian Deposit Insurance Corporation (NDIC) has concluded plans to begin sponsoring a diploma in financial journalism in its efforts to deepen business reporting in the country.

It was sold at N363.5 to the dollar, as against N363 traded on Friday, while the Pound Sterling and the Euro closed at N480 and N417, respectively.

The share price of Unity Bank Plc rose 30.9 per cent last week due to renewed interest in the financial institution by investors.

Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of government has continued to witnessed a steady increase in three consecutive quarters of this year with N2.28 trillion shared in Q3 of 2018.

Access Bank Plc recently celebrated 10 years of promoting sustainable banking with a week-long event held across its several branchesE within and outside Nigeria.

The Nigeria Deposit Insurance Corporation (NDIC), said it paid N1.45 billion to 16, 324 depositors of 34 closed Deposit Money Banks (DMBs) in 2017.

The Central Bank of Nigeria (CBN) on Saturday rescheduled the Nov. 19 meeting of the Monetary Policy Committee (MPC) to Nov. 21 and 22 due to accommodate the Eid-El Maulud celebrations.

The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM).

The Central Bank of Nigeria (CBN) on Friday said it injected about $318.03 million into the retail secondary market intervention sales (SMIS) of the inter-bank foreign market.

The Naira on Thursday appreciated against the dollar at the investor’s window, exchanging at N363.90 to the dollar and stronger than N364.23 posted on Wednesday.

Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021.

A Deputy Governor of the Central Bank of Nigeria, Mrs. Aisha Ahmad, has urged young female workers in financial institutions to leverage on networking to boost their efficiency.

In a move aimed at offering Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade, Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos.

Following the Central Bank of Nigeria’s (CBN) revocation of the licences of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs), the Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of the depositors of the affected institutions and would soon begin payment of verified claims.

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.

The Debt Management Office (DMO) says the Federal Government is to auction by subscription N115 billion worth of bonds on Nov. 21.

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.

Japan’s central bank has become the first among G7 nations to own assets collectively worth more than the country’s entire economy, following a half-decade spending spree designed to accelerate weak price growth.