Online News Magazine
Online News Magazine
United Capital Asset Management (UCAML), a leading asset management company and subsidiary of United Capital Group, has announced the official launch of its latest mutual fund – The Children Investment Fund (CIF) at an event held at the Wheatbaker Hotel, Lagos. The Children Investment Fund is a naira-denominated, open-ended mutual fund designed to provide Nigerian […]
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50 per cent. This is the second consecutive time the CBN will fix the MPR at 27.50 per cent. Olayemi Cardoso, the CBN Governor, announced the decision on Tuesday after the meeting of its Monetary Policy Committee (MPC) in Abuja. He […]
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50 per cent. This is the second consecutive time the CBN will fix the MPR at 27.50 per cent. Olayemi Cardoso, the CBN Governor, announced the decision on Tuesday after the meeting of its Monetary Policy Committee (MPC) in Abuja. He […]
The Central Bank Nigeria (CBN) has reassured the public, depositors and stakeholders that the Nigerian banking sector remains resilient, safe and sound. Reacting to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution, the apex bank allayed the fears of Nigerians that there is no cause for […]
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 […]
