Online News Magazine
Online News Magazine
NDIC Boss Bello Hassan Appointed Vice Chairperson International Association of Deposit Insurers, African Regional Committee September 5, 202305 The International Association of Deposit Insurers, African Regional Committee (IADI-ARC) has appointed the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC),Bello Hassan as its Vice Chairperson. The appointment was made at the IADI-ARC Annual General […]
The Chairman of Senate Committee on Capital Market & Institutions, Sen. Osita Izunaso, has appointed a former Imo State Commissioner for Finance, Prof. Uche Uwaleke of Nasarawa State University Keffi as his Special Adviser in order to help move the market forward. This is contained in a letter of appointment personally signed by the Chairman, […]
The Nigeria Deposit Insurance Corporation (NDIC) has taken a significant step towards investigating the directors of numerous failed microfinance banks across the nation. During a capacity-building workshop focused on combatting fraud and financial malpractices in the banking sector, Mr Bello Hassan, the Managing Director of NDIC, announced this critical move. The event, held in Lagos, […]
In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria’s Payment System Vision (PSV) 2025. The Central Bank of Nigeria (CBN) in December 2022 released the Payments System Vision (PSV) 2025 to be driven by contactless payments, […]
….Says tax reform committee will create new revenue ideas An economist, Mr. Marcel Okeke has warned that corruption could derail President Bola Ahmed Tinubu’s recently announced palliatives if not properly monitored and implemented, such that whatever ‘goodies’ that come the way of the state and local governments from the Centre would usually end up as […]
Barring last minutes changes, the Nigeria Customs Service and 62 other Federal Government agencies are set to lose one of their core functions of revenue collection to the Federal Inland Revenue Service (FIRS). The proposal to cede revenue collections currently carried out by Customs and the other agencies was being pushed by the Presidential Committee […]
President Bola Tinubu on Tuesday met with the Director-General of the World Trade Organisation, Prof. Ngozi Okonjo-Iweala, at the Presidential Villa, Abuja. She arrived at the Presidential Villa at about 2:50pm with a former Minister of State for Health under Goodluck Jonathan administration, Dr Ali Pate. Okonjo-Iweala was the Minister of Finance and Coordinating Minister […]
Orire Agbaje, a 400 level Economics student of the University of Ibadan (UI), has been appointed by President Bola Tinubu as a member of the presidential committee on fiscal policy and tax reforms. TheCable understands that Agbaje is the president of The Tax Club, University of Ibadan, as well as the president of the Nigerian […]
The Central Bank of Nigeria (CBN) has exempted Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) from complying with cash withdrawal limit policy. A circular to banks and other financial institutions said microfinance banks and primary mortgage banks did not need to comply with the cash withdrawal limits for direct cash withdrawals from their correspondent […]
The World Bank has advised Nigeria to reduce government’s borrowing from the Central Bank to reduce inflationary pressures on the economy. Alex Sienaert, the World Bank’s Lead Economist in Nigeria, gave the advice on Thursday during an economic review session held at the Lagos Business School. He commended the Nigerian government for the recent economic […]
