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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.
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 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.
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.
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.
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
The Nigeria Deposit Insurance Corporation has said it has fully paid both insured and uninsured depositors of 18 closed banks in the country.
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.
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.
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.
The Nigerian Union of Teachers (NUT), Jos East Chapter, on Wednesday decried the non-implementations of the new minimum wage in the state.
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.
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.
US West Coast state to join 15 nations that have set similar goals in order to fight climate change.
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.
Candidate of the All Progressives Congress (APC) for Lagos East Senatorial District by-election, Mr Tokunbo Abiru, has promised to honour the legacies left behind by past Senators who have occupied the seat in the past.
The police in Jigawa on Wednesday confirmed the killing of two vigilante members in Gwiwa local government area of the State.
Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.
Weeks after a train on a test-run was reportedly attacked with stones close to Abuja, the Federal Capital Territory Administration FCTA has commenced the demolition of about 2, 400 shanties in Kukwuaba-Wuye District along the railway corridor leading to the Nnamdi Azikiwe International Airport, Abuja.
Governor Ifeanyi Ugwuanyi of Enugu State has agreed to lead “Ebeano political dynasty” just as he reiterated his commitment to continue his people-oriented policies and programmes, saying that the development of infrastructure and human capacity in the state remains his priority.