NDIC ASSURES SPEEDY PAYMENT OF CLAIMS TO DEPOSITORS OF CLOSED MFBs AND PMBs

Following the revocation of licenses of 179 Microfinance Banks (MFBs) and fourPrimary Mortgage Banks (PMBs) by the Central Bank of Nigeria (CBN), theNigeria Deposit Insurance Corporation (NDIC) has assured depositors of theclosed banks speedy payment of their insured sums. The NDIC Managing Director/Chief Executive, Mr. Bello Hassan gave the assurance in a statement that followed […]

JUST IN: Buhari approves foreign trip for CBN Gov. Emefiele before May 29 inauguration

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly been granted study leave by President Muhammadu Buhari. According to Sahara Reporters, this will give opportunity for Emefiele to flee the country before Buhari leaves office on May 29, 2023, comes amid corruption and terrorism-financing allegations against him. Recall that the Department […]

BVN has no expiring date, says CBN

The Central Bank of Nigeria (CBN) has allayed the fears of Nigerians over the rumour making the rounds about the expiration of Bank Verification Number (BVN). The apex bank, in a press statement issued on Wednesday by its Acting-Director, Corporate Communications, Dr Isa Abdulmumin explained that the Bank Verification Number (BVN) issued by the Bank […]

CBN decries non-documentation of exports

…Threatens penalty for shipping firms found wanting The Central Bank of Nigeria (CBN) has threatened to descend heavily on shipping companies involved in the exportation of undocumented cargoes from the country. CBN Governor, Godwin Emefiele made this assertion on Tuesday while speaking at the RT200 Non-Oil Export Summit 2023 in Abuja. The theme of the […]

Senate confirms Abdulhakeem Abdulateef as NDIC Chairman

The Senate has confirmed the appointment of former Lagos Commissioner for Home Affairs, Hon. AbdulHakeem AbdulLateef as the Chairman of the Nigeria Deposit Insurance Corporation (NDIC). Hon. AbdulLateef, a renowned Islamic scholar, revealed the news on Tuesday, May 9, via his verified Facebook page. “Alhamdulilahi Robbil aalameen. The Senate has just confirmed my appointment as […]