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, […]
Single digit interest rate crucial for productivity, competitiveness
Lagos Chamber of Commerce and Industry, LCCI, has said that a single digit interest rate is the key to Nigeria’s private sector’s productivity and competitiveness in the regional and global market.
WECO decries poaching of technology staff in Nigeria
The knowledge gap currently being experienced in the Nigerian System Integration sector has been attributied to poaching of IT staff.
63% households get below 5 hours electricity – Poll
The level of deterioration in electricity supply in the country has manifested in the just released NOI Polls, which findings showed that an average of 63 percent of Nigerians (45 percent+18 percent) received less than five hours of continuous power supply daily.
Marginal fields produce 2.26% of Nigeria’s crude
Marginal fields’ operators are yet to make significant impact on Nigeria’s crude oil production, as they accounted for 2.26 per cent of Nigeria’s total crude production in December 2013, dropping by 12.53 per cent from November’s crude production.
FG explains fixed charges on electricity bills
The Federal Government has cleared the air over the misconception by electricity consumers on the Multi-Year Tariff Order, MYTO, saying that the amount has been benchmarked under a five year tariff arrangement.
