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NDIC to run diploma in financial journalism

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.

Naira loses again against dollar at parallel market

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.

Unity Bank share price gains 31% on renewed demand by investors

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

NEITI: FAAC revenue disbursements grew by 13.5% in Q3, 2018

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 celebrates decade of sustainable banking

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.

Report: NDIC pays N1.45bn to 34 closed DMBs in 2017

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.

Central bank reschedules MPC meeting to accommodate Eid-El Maulud

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.

AfDB approves US$40 million for Africa Infrastructure Investment Fund

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).

Central bank injects $318.03m into forex market

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.

Naira appreciates against dollar at investors’ window

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.

Central bank: Electronic fraud will hit N6.1 trillion by 2021

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.

CBN’s Aisha Ahmad, others harp on networking

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.
Stanbic IBTC

Stanbic IBTC inaugurates Africa-China banking centre

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.

NDIC begins verification of failed MFBs’ depositors

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.
Skye Bank

NDIC saved N949 billion depositors’ funds in failed Skye Bank

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

Federal government to auction N115 billion bonds on November 21

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

Official: NDIC saved N949bn depositors’ funds in failed Skye Bank

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

Bank of Japan’s balance sheet now larger than country’s economy

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.

Recent Stories

Police vows to track down killers of DELSU student

The Police in Delta State has vowed to track down killers of the Delta State University (DELSU) student, Elizino Joshualia Ogege who was gruesomely murdered by persons suspected to be ritual killers.

Farouk Lawan demanded $500,000 bribe – Femi Otedola tells court

Businessman, Femi Otedola, on Wednesday, revealed that a former House of Representatives member, Farouk Lawan, demanded a $500,000 bribe from him to remove his company, Zenon Petroleum and Gas Limited from the list of oil companies allegedly involved in fuel subsidy fraud.

Yahaya Bello promises N100 million reward for information on aide’s killers

Governor Yahaya Bello of Kogi has promised a N100 million reward to anyone with information that could lead to the arrest of those that killed Malam Yusuf Adabenege, his Special Adviser on Culture and Tourism.

Kogi: Why we shut telecoms facilities

The Kogi state government on Wednesday countered the claims of the Association of Licensed Telecommunications Operators (ALTON) over the shutting down of facilities in the State, saying the action was based on court orders.
Turkish President Recep Tayyip Erdogan makes a speech during Turkey's ruling Justice and Development (AK) Party’s provincial chairmen meeting at the party headquarters in Ankara on March 30, 2018. - AFP PHOTO - ADEM ALTAN

Recep Erdogan takes aim at George Soros over jailed Turkish philanthropist

Turkish President Recep Tayyip Erdogan on Wednesday accused George Soros of aiding a jailed Turkish philanthropist facing hugely controversial charges of seeking the overthrow of the government, describing the Hungary-born American billionaire as a "famous Hungarian Jew".