Business

We’ve started paying depositors of 46 microfinance banks — NDIC

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, […]
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$40 budget benchmark more realistic – Prof Ekpo

$40 budget benchmark more realistic – Prof Ekpo

As 2015 begins, many investors doing business in Nigeria are still evaluating the events that characterised the last quarter of 2014 due to rapid drop in crude oil price. While some experts expressed fears that the multiplier effect of the crisis last year would cause hardship and sluggish growth in the first quarter of 2015, others advised the Federal Government to reduce the cost of governance in order to reduce wastage in the system. Akpan Ekpo, a Professor of Economics and Director General, West African Institute for Financial and Economic Management (WAIFEM), assesses the economy last year and what people should expect in 2015.

Catalogue of failed promises on power

Catalogue of failed promises on power

For those Nigerians who have not abandoned the truth about this failed project called the Transformation Agenda, below is the catalogue of failed promises made by the Jonathan administration, on power generation, since 2011 till date. Power we know moves economies.