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Umaru Ibrahim

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.

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.
The Minister of Power, Works and Housing, Babatunde Raji Fashola, has lauded what he considered an encouraging turnout of voters at his polling unit during Saturday presidential and National Assembly elections.

Elections: We are tired of violence – FCT residents

Gishiri residents in the FCT at Unit 024B, Estate 11 Gishiri village, who voted peacefully at the Presidential and National Assembly elections, said they heeded advice to vote in spite of challenges because they were tired of violence.

NDIC board pledges to stabilize Nigeria’s financial system

Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have pledged their total commitment to the formulation of sound policies that will enhance the safety and stability of the nation’s financial system.

NDIC expresses concern over evolution of digital currencies

He said: “The partial dis-intermediation of the banking system arising from proliferation of digital currencies such as bitcoin, as well as the activities of FinTechs are all of critical concern to the corporation.”
Tunde Ayeni

EFCC detains ex-Skye Bank chief Tunde Ayeni for alleged fraud

The Economic and Financial Crimes Commission has detained a former Chairman of Skye Bank Plc (Now Polaris Bank), Mr. Tunde Ayeni, for fraud.

NDIC: Why central bank revoked licenses of 154 MFBs, 6 PMBs

The Nigeria Deposit Insurance Corporation (NDIC), on Wednesday, offered insights why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks.

NDIC reiterates commitment to protect depositors, promote stable banking system

The Nigeria Deposit Insurance Corporation has reiterated its commitment to ensure the protection of depositors in the country.

NDIC to run diploma in financial journalism

The Nigerian Deposit Insurance Corporation (NDIC) has concluded plans to begin sponsoring a diploma in financial journalism in its efforts to deepen business reporting in the country.

Report: NDIC pays N1.45bn to 34 closed DMBs in 2017

The Nigeria Deposit Insurance Corporation (NDIC), said it paid N1.45 billion to 16, 324 depositors of 34 closed Deposit Money Banks (DMBs) in 2017.

NDIC begins verification of failed MFBs’ depositors

Following the Central Bank of Nigeria’s (CBN) revocation of the licences of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs), the Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of the depositors of the affected institutions and would soon begin payment of verified claims.
Skye Bank

NDIC saved N949 billion depositors’ funds in failed Skye Bank

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.

Official: NDIC saved N949bn depositors’ funds in failed Skye Bank

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.

NDIC investigates management, directors of defunct Skye Bank

The Nigeria Deposit Insurance Corporation (NDIC), says it is monitoring investigations of directors and management of the failed Skye Bank Plc being carried out by law enforcement agencies.

NDIC: Bridge bank option saves financial system from systemic risks

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.
Nigeria's acting finance minister Zainab Ahmed addressing a press conference in Abuja....Twitter-ZShamsuna

Finance minister seeks probe of bank chiefs

Nigeria’s Minister of Finance, Zainab Ahmed, has expressed serious concerns over the rising incidence of non-performing loans (NPLs) in deposit money banks (DMBs) in the country.
Acting Finance Minister of Finance Zainab Ahmed

Zainab Ahmed wants investigation, prosecution of bank chiefs over non-performing loans

The Supervising Minister of Finance, Zainab Ahmed, on Friday expressed serious concerns over the rising incidence of non-performing loans (NPLs) in deposit money banks (DMBs) in the country.
Skye Bank

Federal government to prosecute officials responsible for Skye Bank’s failure

The federal government has promised to persecute anyone found to be responsible for the failure of the erstwhile Skye Bank.

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Federal government trains 700 unemployed persons on cosmetology in Nasarawa

The National Directorate of Employment (NDE) in Nasarawa State has trained 700 unemployed youths and women on cosmetology production to enable them become self reliant and employer of labour in the state.
Darts

National open darts championship kicks off in Umuahia

The week-long National Open Darts Championship kicked off on Thursday in Umuahia, the Abia capital, with 10 states participating.
Sudanese protesters from the city of Atbara, sitting atop a train, arrive at the Bahari station in Khartoum on April 23, 2019. – The passengers, who had travelled from the town of Atbara where the first protest against ousted president Omar al-Bashir erupted on December 19, chanted “freedom, peace, justice”. Many protesters perched on the roof of the train, waving Sudanese flags as it chugged through north Khartoum’s Bahari railway station before winding its way to the protest site, an AFP photographer said. (Photo by OZAN KOSE / AFP)

Sudanese protesters delay naming of civilian government

The organisers of the protests that drove Sudan's President Omar al-Bashir from power are delaying their announcement of a transitional civilian government as they hold new negotiations with the ruling military council.
Zaria Railway Station

Kaduna polytechnic expels 95 students for exam malpractice, fake results

The rector of the Nuhu Bamalli Polytechnic, Zaria, Kaduna State-owned polytechnic, Dr Mohammed Kabir Abdullahi, yesterday said the school had expelled 95 students over cases of examination malpractice and fake results.

Chief Judge: 1,556 inmates in Bauchi prisons

The Chief Judge of Bauchi State, Justice Rabi Talatu Umar, says there are 1,556 inmates in prisons across the state.