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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.

Kano firm petitions CBN, NDIC over alleged N86 million scam

A Kano-based firm, Triple C Motors Nigeria Limited, has written a petition to the Central Bank of Nigeria (CBN), and the Nigerian Deposit Insurance Corporation (NDIC), demanding payment of N86 million for the supply of seven vehicles to Fidelity Bank Plc.

NDIC: Banks’ profit up by 106% to N310 billion in 2018

The banking industry recorded 106 per cent increase in profitability to N310 billion in 2018 from N150 billion in 2017.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.

NDIC begs Senate over speedy passage of amended Act

The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate for the speedy passage of the pending NDIC Act, 2006 (as amended) currently before the National Assembly.
Omolola Abiola Edewor

June 12: President Buhari has signed democratic contract – Omolola Abiola

The eldest daughter of the winner of the June 12, 1993 election, late MKO Abiola, Omolola Abiola–Edewor, says President Muhammadu Buhari has signed new democratic contract with Nigerians by honouring his late father’s memory.
Vice President Yemi Osinbajo

Business giants in trouble over N5 trillion AMCON debts

Institutions and individuals on Asset Management Corporation of Nigeria’s (AMCON’s) debtors’ list are to be blacklisted. They will no longer be allowed to do business with the government henceforth, it was learnt at the weekend.
Mr Adedayo Thomas, Executive Director of NFVCB (left) receiving award from Mr Chris Ikechukwu, NUJ president, at the 2019 Press Freedom Awards in Abuja. (Photo- NAN)

Maikanti Baru, others receive Press Freedom Awards

Dr Maikanti Baru, the Group Managing Director, Nigeria National Petroleum Corporation (NNPC) and Mr Adedayo Thomas, Executive Director of National Film and Video Censors Board (NFVCB) have been honoured at the 2019 Press Freedom Awards.

Account manipulation: Company slams N25 billion suit against First Bank, FIRS

An indigenous company, Biatemp Ventures Ltd. has sued First Bank of Nigeria and the Federal Inland Revenue Services (FIRS), demanding N25 billion special and general damages over alleged manipulation of its domiciliary account and illegal withholding of its tax clearance certificate.

Senate to pass 2019 budget Tuesday

The Senate on Wednesday stood down the consideration of the 2019 budget report due to the absence of the Chairman of its Committee on Appropriation, Senator Danjuma Goje.
The President of the Senate, Dr Bukola Saraki has cautioned politicians against overheating the polity ahead the general elections.

Senate confirms Omolola Abiola-Edewor as NDIC executive director

The Senate on Wednesday confirmed the appointment of Ms Omolola Edewor as Executive Director, Corporate Services, Nigeria Deposit Insurance Corporation (NDIC).
President Muhammadu Buhari

President Buhari asks ministers to submit handover notes

An indication that President Muhammadu Buhari may dissolve the Federal Executive Council (FEC) earlier than the May 29 terminal date of his first term in office emerged yesterday when he asked ministers and agency heads to turn in their handover notes by Wednesday.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Inauguration: President Buhari orders agency heads to prepare handover notes

Ahead of the May 29 inauguration President Muhammadu Buhari’s second term, the Accountant-General of the Federation, Idris Ahmed; the Comptroller-General of the Nigeria Customs Service, Hameed Ali; the Executive Chairman Federal Inland Revenue Service (FIRS), Tunde Fowler, and 11 other heads of agencies under the Ministry of Finance have been ordered to submit their hand over notes on or before April 23.

Pencom, NIMASA, CBN shine at Enugu trade fair

The 30th Enugu International Trade Fair which ended on Monday in Enugu actually depicted the state of the nation’s economy with the absence of big manufacturing concerns and other key players in the private sector.
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.
Omolola Abiola Edewor

President Buhari re-appoints MKO Abiola’s daughter as NDIC director

President Muhammadu Buhari has written to the Senate seeking confirmation and renewal of the appointment of Omolola Abiola Edewo as Executive Director Corporate Services, Nigerian Deposit Insurance Corporation (NDIC).

NDIC: Federal government committed to a stable financial system

The Federal Government is committed to ensuring a stable financial system in the country, Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, (NDIC), Umaru Ibrahim, has said.

NDIC explains factors that led to liquidation of Fortis MfB

The Nigeria Deposit Insurance Corporation, NDIC, said that decision to liquidate the defunct Fortis Microfinance Bank was taken after efforts to resuscitate the bank proved abortive.

Recent Stories

Court remands tailor who pleaded guilty to pickpocketing

An Ogudu Magistrates’ Court in Lagos on Tuesday ordered the remand of a 27 -year-old tailor, Femi Afolabi, in Kirikiri Prisons, pending his sentencing for alleged theft of a cell phone.

Stakeholders seek end to incessant marriage break-up

Some stakeholders, on Tuesday, identified third-party influence and lack of trust among couples as factors responsible for the collapse of marriages nowadays.
Dave Umahi

Southeast governors write President Buhari over Enugu airport closure, herdsmen

Southeast Governors’ Forum on Tuesday urged President Muhammadu Buhari to defer the closure of Akanu Ibiam International Airport, Enugu to end of October 2019.

Expert: How indiscriminate Internet usage exposes children to pornography

An education technology startup, Mrs Deola Eka, on Tuesday in Lagos said that indiscriminate usage of Internet connectivity through phones and other gadgets was responsible for early exposure of children to pornographic contents.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Money laundering: Atiku Abubakar’s son-in-law released

The Economic and Financial Crimes Commission (EFCC) has released from its custody Abdullahi Babalele, the son-in-law of the Peoples Democratic Party (PDP) presidential candidate in 2019, Atiku Abubakar.