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Wednesday, February 21, 2024
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CATEGORY

Finance

NDIC Begins N16Billion Payment To 20 Defunct Banks’ Stakeholders

The Nigeria Deposit Insurance Corporation (NDIC) has announced the declaration of N16.18 billion in liquidation dividends to depositors, creditors, and shareholders of 20 banks...

President Tinubu: Investigative Report On CBN To Be Ready Soon

President Bola Tinubu on Sunday morning disclosed that the report of the Special Investigator on past activities in the Central Bank of Nigeria (CBN)...

CBN Opens New Platform For Microfinance Banks Licence Applications

The Central Bank of Nigeria (CBN) has launched a new online platform for the submission licence applications by microfinance banks in the country. The CBN...

CBN Generates N1.91 trn Income on Overdraft Facility to FG

The Central Bank of Nigeria (CBN) generated N1.91 trillion in interest income on Overdraft facilities it granted at a rate of MPR+3%, according to...

CBN Releases New Guidelines For Forex Sale by BDCs

The Central Bank of Nigeria (CBN) has released fresh guidelines for the sale of forex by Bureau De Change (BDCs) operators within the country. This...

CBN Approves Femi Otedola Director of FBN Holdings

The Central Bank of Nigeria (CBN) has approved the appointment of Femi Otedola as Director of FBN Holdings Plc. FBN Holdings stated this in an...

FBN Holdings Shareholders Approve N150bn Rights Issue

Shareholders of First Bank of Nigeria Holdings (FBNH) have approved the appointment of Lagos businessman, Mr. Femi Otedola as a non-executive director of Nigeria’s...

NASS to Review Nigeria’s Multiple Taxation

The speaker of the House of Representatives, Tajudeen Abbas, says the National Assembly (NASS) will address issues of multiple taxation in Nigeria. He said this...

CBN Plans To Adopt New Measures To Stabilize Falling Naira

The Central Bank of Nigeria (CBN) has revealed plans to adopt new measures to stabilize the naira from falling against the dollar. Acting Governor of...

Financial Literacy Remains Key to Reduce Unbanked in Northern Nigeria – Emem Osoro

Financial Literacy remains the most single effective solution for reducing the number of unbanked individuals and families in Northern Nigeria, according to Emem Osoro,...

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