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President Muhammadu Buhari on Sunday said the federal government will provide relief materials for residents of Lagos and Abuja whom he ordered to stay-at-home as part of measures to curb the spread of the coronavirus.

President Buhari: It’ll be dangerous to go back to fuel subsidy era

President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.

Senate to support NDIC in protecting depositors

The Senate Committee on Banking, Insurance and Other Financial Institutions, has pledged to support the Nigerian Deposits Insurance Corporations (NDIC) to carry out its functions more effectively.
UBA SANI

Senator Sani: Senate, NDIC retreat a huge success

Senator Uba Sani has described the retreat held by Senate Committee on Banking, Insurance and Other Financial Institutions with the Nigeria Deposit Insurance Corporation (NDIC) in Kaduna as a huge success.

NDIC to revoke licences of 37 weak microfinance banks

This was made known by the Chairman of NDIC, Ronke Sokefun, during a chat on the theme: ‘A Conversation on Deposit Insurance, Banking Supervision, Failure Resolution and Bank Liquidation in Nigeria.’ She also called for a timeline for the existence of any bridge bank.
Senator representing Kaduna Central zone, Malam Uba Sani, has flagged-off distribution of palliatives to two million households in the seven local government areas that makeup his constituency.

Senator Sani: New banking, financial bill long overdue

Senator Uba Sani representing Kaduna Central, in the upper chamber, stated that he is elated by the passage of his Bill for an Act to Repeal the Banks and Other Financial Institutions Act 2004.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank seeks special court to try loan defaulters

As the national assembly prepares to repeal the Banks and Other Financial Institutions Act (BOFIA) 2004 and enact a new one, BOFIA 2020, Central Bank of Nigeria (CBN) has asked for the establishment of a Credit Tribunal to address the issue of non-performing loans.
Mr Bayo Olugbemi has been sworn in as the 21st president-chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).

Bayo Olugbemi sworn in as new CIBN president

Mr Bayo Olugbemi has been sworn in as the 21st president/chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).
President of the Senate, Senator Ahmad Lawan, presiding over plenary on Tuesday at the National Assembly, Abuja.5

Senate receives President Buhari’s request to confirm Law Reform Commission, NDIC nominees

The Senate on Tuesday received President Muhammadu Buhari’s request for the confirmation of Professor Jumai Audi, as a Chairman of the Nigerian Law Reform Commission.

NDIC donates N1 billion to coronavirus crisis relief fund

The Board of the Nigeria Deposit Insurance Corporation (NDIC) has approved the immediate release of the sum of N1 billion Naira to the COVID-19 Relief Fund being put together to fight the Corona Virus pandemic in Nigeria

NDIC: We have paid all depositors of 18 failed banks

The Nigeria Deposit Insurance Corporation has said it has fully paid both insured and uninsured depositors of 18 closed banks in the country.

Nigeria liquidates 425 banks in 32 years

Since incorporation in 1988, the Nigeria Deposit Insurance Corporation has carried out liquidation activities on 425 financial institutions in the country.

NDIC begins claims verification for depositors of closed banks

The Nigeria Deposit Insurance Corporation has said it would, effective February 3, commence claims verification for depositors of the three Micro Finance Banks and Primary Mortgage Banks recently closed by the Central Bank of Nigeria.

HURIWA: Suspension of NBET boss illegal

The Human Rights Writers Association of Nigeria (HURIWA) has declared the Minister of Power, Saleh Mamman, does not have power under the laws to suspend the Managing Director of the Nigeria Bulk Electricity Trading (Plc), Dr. Marilyn Amobi.

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: 40 per cent of foreign credits in Nigeria’s economy dangerous

The Central Bank of Nigeria (CBN) has revealed that 40 per cent of the total credits available in the economy, especially in the capital and money markets are from foreign holdings.

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.

Central bank expects 2.38% GDP growth by Q4

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.

Umaru Ibrahim: NDIC to reposition agric sector

Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said the corporation is determined to reposition the nation’s agricultural sector as a critical pillar and driver of the economy.

Recent Stories

Plateau teachers decry non-implementation of new minimum wage

The Nigerian Union of Teachers (NUT), Jos East Chapter, on Wednesday decried the non-implementations of the new minimum wage in the state.
The newly inaugurated Primate of the Church of Nigeria, Anglican Communion-Bishop of Abuja, the Most Reverend Henry C. Ndukuba today in Abuja admonished the faithful to observe the health experts advice in order to curb the spread of Coronavirus .

Anglican Primate wants programmes to cushion hike in petrol, electricity tariff

The Primate, Church of Nigeria, Most Rev. Henry Ndukuba, on Wednesday called on the Federal Government to urgently come up with programmes to cushion the effects of the hike in petrol prices and electricity tariff on citizens.

PDP calls for articulate strategies to mitigate flood

The Peoples Democratic Party (PDP), has urged the governments at all levels to articulate strategies to mitigate the menace of flood and forestall such devastation in the future.
California Governor Gavin Newsom adjusts his mask while speaking to reporters at Miss Ollie”s restaurant amid the coronavirus pandemic in Oakland, California, the US [Jeff Chiu-Pool via AP Photo]

California vows to ban sale of new petrol vehicles in 2035

US West Coast state to join 15 nations that have set similar goals in order to fight climate change.
The suspended National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, says he has accepted the Appeal court’s verdict which upheld his suspension.

Comrade Oshiomhole breaks silence on Edo election

Former National Chairman of the All Progressives Congress, Adams Oshiomhole, says he is not downcast even though his party lost the just concluded governorship election in Edo State.