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NDIC warns operators against disclosing customers’ financial data, status

The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.

Central bank moves to tackle bank debtors

The Central Bank of Nigeria (CBN) said on Tuesday that it has put in place new policy initiatives and strategies to ensure that bank debtors no longer escape from sanctions.

Federal government saves $1.3 trillion from central bank’s intervention programmes

The Deputy Governor, Corporate Services of the Central Bank of Nigeria, Edward Lamatek Adamu has revealed that the plethora of economic interventions of the apex bank have saved the federal government about N1.3 trillion via import bills.

Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.

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.

Central bank urges media collaboration in educating depositors

The Central Bank of Nigeria (CBN) has urged media practitioners to collaborate with financial regulators in the country to educate depositors on financial literacy and inclusion. The Head, Financial Inclusion Secretariat, CBN, Mrs Temitope Akin-Fadeyi...
Bank of Industry (BoI)

Bank of Industry disburses N81 billion as loan in 2017

The Executive Director of Bank of Industry (BoI), Corporate Services, Tobin Jonathan, has revealed that the bank has disbursed a total of N81 billion loans last year out of a financing gap estimated at $800 million,

Nigeria leads South Africa in foreign reserves

Nigeria is leading South Africa in net foreign reserves as that of the West African country hits $47.37 billion in March to beat South Africa which has $43.15 billion.

Non-oil exports gets N500 billion from central bank

The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele.

Nigeria’s foreign reserves hit $47 billion

Nigeria’s foreign reserves have continued to grow significantly with latest figures by the Central Bank of Nigeria (CBN) at about $47.37 billion as at April 5.

NDIC warns Nigerians against trading in digital currencies

The financial sector insurance regulator, the Nigerian Deposit Insurance Corporation, NDIC, has again warned Nigerians against the risk of trading with digital currencies not issued by the Central Bank of Nigeria, CBN.

Recent Stories

Dangote Cement Industry

Shareholders seek more mergers, acquisitions in cement industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).
North Korea has conducted another “crucial test” at its Sohae satellite launch site, state media reported Saturday, as nuclear negotiations between Pyongyang and Washington remain stalled with a deadline approaching.

North Korea conducts ‘crucial test’ at Sohae launch site

North Korea has conducted another “crucial test” at its Sohae satellite launch site, state media reported Saturday, as nuclear negotiations between Pyongyang and Washington remain stalled with a deadline approaching.

Tony Momoh: Anyone who calls President Buhari derogatory names will be dealt with

Prince Tony Momoh, a former Minister of Information on Saturday said Punch newspaper did nothing wrong by referring to President Muhammadu Buhari as a Major General.
Godwin Obaseki

Edo government begins revalidation exercise for pensioners in 18 local councils

The Edo State Government has announced the commencement of the revalidation exercise for pensioners in the 18 Local Governments Areas (LGAs) of the state.

Ondo governor presents staff of office to Olowo of Owo

Royal fathers from far and near who graced the occasion include Oba Adeyeye Enitan Babatunde Ogunwusi, Ooni of Ife, Oba Aladetoyinbo Aladelusi, Deji of Akure, Oba Victor Kiladejo, Osemawe of Ondo Kingdom and other prominent traditional rulers in the state.