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Heritage Bank: NDIC declares N24.3bn second liquidation dividend to uninsured depositors

Heritage Bank: NDIC declares N24.3bn second liquidation dividend to uninsured depositors

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has declared a second liquidation dividend of N24.3 billion to depositors of the defunct Heritage Bank Limited whose account balances exceeded the statutory insured limit of N5 million as at the date of the bank’s closure. The declaration followed sustained asset recovery efforts by the Corporation […]

Tinubu broke education pact, abandoned students abroad – Atiku alleges

Tinubu broke education pact, abandoned students abroad – Atiku alleges

Former Vice President, Atiku Abubakar, has accused the administration of President Bola Tinubu of abandoning Nigerian students studying overseas under the Bilateral Education Agreement, BEA, warning that the alleged breach has left about 1,600 young Nigerians stranded abroad and stripped of support.

Seme Customs records 117% revenue surge, tightens border security

Seme Customs records 117% revenue surge, tightens border security

By Providence Ayanfeoluwa   The Nigeria Customs Service, NCS, Seme Area Command, closed 2025 with a record of 117 percent revenue surge, generating a total of N15.6 billion as against N7.2 billion it recorded in 2024. The Command achieved its highest-ever monthly revenue in December 2025 when it generated N3.63 billion.   A statement made available by the […]

Banks slash loans to manufacturers, traders by N2.1trn

Banks slash loans to manufacturers, traders by N2.1trn

Loans to five sectors drop 17.5% to N16.43trn in 6mth By Babajide Komolafe At the backdrop of the challenges confronting the manufacturing sector, including  structural bottlenecks, weak consumer demand and high interest rate, banks slashed loans to manufacturers and traders by  N2.1 trillion in the first six months of  2025 to  N10.946 trillion at the end of […]