We’ve started paying depositors of 46 microfinance banks — NDIC
•Over 700,000 Heritage Bank depositors paid By Cynthia Alo The Nigeria Deposit Insurance Corporation, NDIC, has said that it has commenced payment of depositors of the 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria, CBN, in July 2026. The Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Sunday, […]
Top 10 performing stocks
Interestingly, the list of top 10 performing stocks was dominated last week by the shares of banking stocks as they begin to issue their 2014 financial statements and accounts to the investing public.
Nigeria to account for 60% power investment in W/Africa
Nigeria is expected to account for about 60 percent of the projected investments in power in the West African sub-region by 2040, the International Energy Agency, IEA, has said.
Shareholders throw weight behind demutualisation of NSE
Securities and Exchange Commission SEC, the apex regulatory agency of he Nigerian Stock exchange , stepped up efforts for the demutualisation of The Nigerian Stock Exchange (NSE), when it issued “Exposure draft rules on demutualisation of exchanges in Nigeria.”Shareholders in this interview have further backed the move.
NCDMB tasks Petrolog on capacity building
To foster capacity building in the nation’s petroleum industry, the Nigerian Content Development Monitoring Board, NCDMB, has charged the management of Petrolog Group to adopt one of the tertiary institutions in order to integrate the youths in marine engineering and allied disciplines.
CBN maintains high interest rate with N2.1tr Tbs
In an apparent bid to maintain the tight money supply and high interest rate regime in the country, the Central Bank of Nigeria (CBN) is set to mop up N2.17 trillion from the economy through sales of government securities.
