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, […]
Auto policy: Stakeholder advocates 10-year incubation period
A concerned stakeholder in the automobile industry in the country has advocated for a ten year incubation period before it can be fully implemented by the Federal Government.
Oil slump to trigger double-digit inflation in Q1
Analysts at BGL have warned that the continuous decline in the prices of crude oil in the international market will trigger a double-digit inflation in Nigeria in the first half of 2015, among other negative consequences.
Top 10 performing stocks
Last week, the shares of Presco Plc, UAC of Nigeria Plc, Cutix Plc, Beta Glass Company (Nig.) Plc, Union Bank of Nigeria, UBN Plc and Custodian and Allied Plc enjoyed unalloyed patronage from the investing public, thereby emerging the most active stocks on the Nigerian Stock Exchange, NSE, in terms of price movement.
NNPC, PPMC plead with Nigerians to protect oil pipelines
The Nigerian National Petroleum Corporation, NNPC, and its midstream subsidiary, the Pipelines and Products Marketing Company, PPMC, have called on all Nigerians living in communities close to pipelines to protect them from the activities of vandals.
Power: FG woos Chinese firms to transmission
The Minister of Power, Prof. Chinedu Nebo, has tasked the Chinese companies to fill in the gap created by the weak transmission system to boost Nigeria’s capacity to wheel generated power to end users.
