Online News Magazine
Online News Magazine
The Nigeria Deposit insurance Corporation’s (NDIC) excellence in operational standards, consistent implementation of its mandate,and unwavering commitment to ethical leadership and sound corporate governance especially in banking supervision and depositor protection, have been critical factor in the Corporation’s success in promoting the stability of the banking sector and the nation’s financial system. The President and […]
The Central Bank of Nigeria, CBN, has advised members of the public to be wary of some people claiming to be agents of the bank in offering contracts, financial grants, or intervention funds to the public. The banks warned that such a group of people or individuals are fraud and should be reported to the […]
As a way of relieving external funding and ensure easy transactions in trade involving Nigeria and China, Nigerian maritime stakeholders have been enjoined to explore opportunities inherent in the Nigeria-China currency swap deal. Chairman Customs Consultative Council, Aare Hakeem Olanrewaju, who was the Chairman of a Breakfast meeting held by Maritime reporters association of Nigeria […]
In its continued commitment to ensuring that depositors of the defunct Heritage Bank are fully reimbursed, the Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of first tranche of liquidation dividends totaling ₦46.6 billion from the proceeds of sales of the defunct bank’s assets and recovery of debts owed to the defunct institution. The […]
As part of the efforts to educate members of the public about the activities of the Nigeria Deposit Insurance Corporation, NDIC, the management of the corporation recently organised a stakeholders Workshop for members of the House Committee on Insurance and Actuarial Matters and other operators on the nation’s financial sector. The event, held in Lagos […]
As part of the efforts to educate members of the public about the activities of the Nigeria Deposit Insurance Corporation, NDIC, the management of the corporation recently organised a stakeholders Workshop for members of the House Committee on Insurance and Actuarial Matters and other operators on the nation’s financial sector. The event, held in Lagos […]
Whether in the public service or in business, internal auditors facilitate the achievement of stated goals by assisting organizations to follow stipulated operational processes. Much more, Internal Auditors enable organizations to identify the risks to the attainment of set goals and how to avoid them and also mitigate any at any time. These were the […]
The economic reforms of the current leadership at the Central Bank of Nigeria (CBN) has continued to yield positive results as the apex bank recorded a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. This marks a significant turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in […]
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk management across Nigerian financial institutions. Speaking at a high-level Mandatory Compliance and Anti-Money Laundering (AML) Training Workshop held in collaboration with Citi in Lagos, Ms. Shola Phillips, Special Adviser to the […]
The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has reiterated the bank’s dedication to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia. During a courtesy visit to the CBN headquarters by the Ambassador of the Kingdom of Saudi Arabia to Nigeria, Faisal bin Ibrahim Alghamdi, and his delegation recently, Mr. […]
