Nigeria Deposit Insurance Corporation

Four members of the Ogun State House of Assembly have thrown their weights behind the candidacy of Prince Dapo Abiodun as the flagbearer of the All Progressives Congress in the 2019 elections.

Chairman of the Nigeria Deposit Insurance Corporation (NDIC) and chieftain of the All Progressives Congress (APC), in Ogun State, Bode Mustapha, on Sunday, called on members of the party to rally support for the candidacy of Dapo Abiodun and ensure APC retains Ogun in 2019.

Barely few weeks after the collapse of Skye Bank, same fate has befallen a community bank in Bauchi, Garu Micro-Finance Bank.

To curtail the spread of systemic risks that could trigger massive lay-off in the financial sector, the use of bridge bank option to resolve the failure of the defunct Skye Bank has been adjudged the most effective way.

The Securities and Exchange Commission (SEC) on Thursday charged Nigerians to key into the financial system and invest in the capital market.

The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, Tuesday said a total of N11.50 billion had been paid to depositors, creditors, shareholders and other stakeholders of closed financial institutions as at December 31, 2017.

A former governor of Ogun State, Olusegun Osoba, on Wednesday, warned the All Progressives Congress (APC) in the state not to be complacent and ensure there is unity in the party ahead of the general election in 2019.

The Central Bank of Nigeria (CBN) yesterday revoked the operating licence of Skye Bank Plc exactly 27 months after its intervened in the ailing bank.

The Nigeria Deposit Insurance Corporation has called on the regulators and operators in the financial industry to establish sound ethical standards in the banking industry.

Despite the undulating global business terrain, the African Export-Import Bank (Afreximbank) has posted a gross revenue of $343 million as contained in its unaudited financial statements for the half-year period ended 30 June 2018, that was released, on Friday, in Cairo.

In a renewed effort to build public confidence as well as engender soundness and stability in the mortgage banking sub-sector, the Central Bank of Nigeria (CBN) has established a sub-committee on Ethics and Professionalism for Mortgage Bankers.

Justice Muhammed Idris of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, July 31, 2018, dismissed a no-case submission filed by a former governor of Abia State, Orji Kalu, in his bid to stop his trial over an alleged N3.2 billion fraud.

The Economic and Financial Crime Commission (EFCC) on Friday closed its case against a former Governor of Abia, Orji Kalu and two others charged with N3.2 billion fraud.

A Senior Advocate of Nigeria and President Muhammadu Buhari’s spokesperson for the 2019 presidential election, Festus Keyamo, has described next year’s poll as “a battle between forces of darkness and light.”

President Muhammadu Buhari has written the Senate to seek confirmation of senior Nigerian lawyer, Festus Keyamo, and six others as chairman and members of Nigeria Deposit Insurance Corporation.

President Muhammadu Buhari has appointed Lagos lawyer, Mr. Festus Keyamo (SAN), and six others as members of the board of the Nigeria Deposit Insurance Corporation (NDIC).

Festus Keyamo, Lagos-based lawyer, says he accepted the appointment to be spokesman of the re-election bid of President Muhammadu Buhari because the president is “an approximation” of the values he cherishes and has fought for in his life”.

Gov. Oluwarotimi Akeredolu of Ondo State on Friday appealed to stakekeholders and well-meaning Nigerians to help bridge the funding gap of government-owned universities, for sustainable economic development.