Online News Magazine
Online News Magazine
The Central Bank of Nigeria has no plan to redenominate or restructure the naira notes in 2024. The apex bank announced this on Tuesday in a statement signed by Isa AbdulMumin, Director of Corporate Communications, and tweeted on its Twitter. The Central Bank of Nigeria (CBN) urged Nigerians to disregard the widespread circulation of a […]
The Federal Government on Monday approved a N2.18tn supplementary budget for the 2023 fiscal year to cover additional spending in defence, works as well as welfare packages such as wage awards and conditional cash transfers agreed with the Organised Labour. Unveiling the details to State House correspondents at the end of this week’s Federal Executive […]
United Bank for Africa (UBA), has pledged to continue to be at the forefront of empowering creative industry across the continent. Muyiwa made this submission while presenting the keynote address at the opening ceremony of the Nigerian International Film and TV Summit (NIFSTV) 2023 in Lagos. The Group Deputy Managing Director, Muyiwa Akinyemi, who said […]
The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary on its better understanding of the deposit insurance practice towards promoting stability of the nation’s financial system. Managing Director/Chief Executive NDIC, Bello Hassan, gave the commendation in his welcome address at the 2023 Sensitization Seminar with the theme: “Strengthening Depositors Confidence in Banks and Other […]
The partnership will facilitate cross-border payments to 110 countries worldwide by adopting the Visa B2B Connect platform. Businesses will enjoy cost-effective, reliable, and secure cross-border payments. Account-to-account transactions from Access Bank in Nigeria to receiving banks in other countries will be facilitated with speed and efficiency. Access Bank has partnered with Visa, the world leader […]
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has called upon the Institute of Chartered Accountants of Nigeria (ICAN) to incorporate courses on the Deposit Insurance System (DIS) into its educational programs and modules. Mr. Hassan made the call during a courtesy visit by the Governing Council Members of […]
The Central Bank of Nigeria (CBN) on Thursday lifted its foreign exchange restriction to importers of rice, cement and 41 other items placed on ban since 2015. A statement by Dr. Isa AbdulMumin, the CBN Director of Corporate Communications, on Thursday said “importers of all the 43 items previously restricted by the 2015 Circular referenced […]
The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against dealing with illegal fund managers, often referred to as “Wonder Banks” or “Ponzi Schemes. Managing Director/Chief Executive (MD/CE) of NDIC, Bello Hassan , gave the warning on the occasion of Corporation’s special day at the 18th Abuja International Trade Fair. He urged the public to […]
Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has announced declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. To this end, the corporation has commenced verification and payment of stakeholders covered by the declarations within 30 days, […]
The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against dealing with illegal fund managers, often referred to as “Wonder Banks” or “Ponzi Schemes. Managing Director/Chief Executive (MD/CE) of NDIC, Bello Hassan , gave the warning on the occasion of Corporation’s special day at the 18th Abuja International Trade Fair. He urged the public to […]
