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Nigeria widens activities of micro-finance banks to include issuance of commercial papers

The Central Bank of Nigeria (CBN) has widened the permissible activities of Micro Finance Banks (MfBs) to include the issuance of commercial papers (CPs) and appointment of agents under the Agency Banking Model.

NDIC to adopt cost-effective bank failure resolution method

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.

NDIC: Savannah Bank remains licensed to operate

The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with operational licence even though it is currently not in operation.

NDIC pays N116 billion liquidation dividends

The Nigeria Deposit Insurance Corporation (NDIC), has paid depositors, creditors and shareholders of failed banks the sum of N 116.258 billion as Liquidation Dividends.

NDIC starts payment to depositors of 154 failed MFBs

The Nigeria Deposit Insurance Corporation said it had commenced payment to depositors of 154 Micro Finance Banks that the Central Bank of Nigeria revoked their licences in 2018 due to insolvency.

Central bank alerts on fraudulent loan schemes

The Central Bank of Nigeria (CBN) on Monday warned loan seekers and owners of small-scale businesses to beware of fraudulent loan offers purportedly by the Federal Government.

Central bank warns against fraudulent loan offers

The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address ([email protected]) purportedly being handled by the Central Bank of Nigeria (CBN).
Kayode Fayemi

Ekiti government goes tough to recover N1.5 billion micro-credit loans

Ekiti State Government has adopted a strategic that would facilitate prompt and stress -free repayment of loans running to N1.5 billion granted the people under the Small and Medium Enterprise Support Scheme since the administration of Chief Segun Oni to date.

Central bank orders microfinance banks to disburse higher, lower banknotes together

The Central Bank of Nigeria (CBN) has mandated the microfinance banks (MFBs) to mix the lower and higher Naira notes while disbursing it to customers.

Central bank to disburse lower naira denominations through microfinance banks

The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.

Central bank to disburse lower currencies to microfinance banks

The Central Bank of Nigeria (CBN), has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.

Central bank to disburse lower currencies to micro-finance banks

The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country.

Godwin Emefiele: MFBs advanced N482.89 billion credit to MSMEs in 2018

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that total aggregate loans granted by Microfinance Banks (MFBs) to micro small and medium enterprises (MSMEs) in the country stood at N482.896 billion as at December 2018.
Nigeria’s Vice president Yemi Osinbajo has debunked rumours stating he has resigned his position as the nation’s vice president.

VP Osinbajo wants NDIC to ensure financial inclusion for poor Nigerians

Nigeria’s vice president, Yemi Osinbajo, on Tuesday asked the management of the Nigerian Deposit Insurance Corporation (NDIC) to come up with a sustainable framework to empower millions of poor Nigerians through the extension of credit to them.

Central bank to issue loans at five percent to SMEs through NIRSAL microfinance bank

The Central Bank of Nigeria (CBN), says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises (SMEs) through the NIRSAL Micro Finance Bank (MFB).

MfBs push for implementation of NMP in intervention funds

The National Association of Microfinance Banks, NAMB, has called for a full implementation of the National Microfinance Policy, NMP, in the application of intervention funds.

JAMB: How to register for 2019 UTME

The Joint Admission and Matriculation Board has commenced the sale of registration forms for the 2019 Unified Tertiary Matriculation Examination.

NDIC becomes full member of Islamic financial board

The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.

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The National Youth Service Corps (NYSC) in Niger has commended the efforts of Mr Hamzat Adekunle with state code number NG-19C-1696, for conducting free diabetes tests for 65 persons in the camp.

NYSC: Some corps members to get certificate after lockdown

Some corps members serving in Ekiti will have to wait until the inter-state travel restriction is eased before they can get their Certificate of National Service (CNS), an official of the corps said.
The University of Ilorin Alumni Association at its 13th National Congress held in Ilorin Kwara State on March 6, 2020 elected new national officers to steer the affairs of the association for the next four years.

Kwara extends palliatives to University of Ilorin

The University of Ilorin (Unilorin) says about 643 of its workers had benefited from the COVID-19 palliatives being distributed by the Kwara Government.
Adegboyega Oyetola

Osun governor mourns deceased New Telegraph editor

Gov. Adegboyega Oyetola of Osun has described the death of Alhaji Waheed Bakare, Saturday Editor of The New Telegraph Newspapers, as “a devastating blow and a great loss to his immediate family and journalism in Nigeria”.
Chelsea have taken decisive action against ticket touts operating around their Stamford Bridge home, with jail sentences handed out in some instances.

Chelsea set to battle Real Madrid for Ligue 1 defender

The Blues are keen on signing a centre back ahead of the coming season but the Stamford Bridge outfit face a huge competition from Real Madrid for the services of the power playing Brazilian defender.
Akwa Ibom State Governor, Mr Udom Emmanuel has described his victory at the governorship election tribunal as a reaffirmation of the people’s mandate, saying that his administration will focus on the improvement of social services like education, healthcare, infrastructure, empowerment of the youths, women and the downtrodden.

Group alleges plot to smear Akwa Ibom governor

Good Governance Assembly (GGA), a sociopolitical group in Akwa Ibom state, has alleged a sinister plot to sponsor campaign of calumny against the governor, Udom Emmanuel.