NDIC pays N1.48bn to 10,312 depositors of 47 closed MFBs
The Nigeria Deposit Insurance Corporation, NDIC, has paid N1.48 billion to 10,312 insured depositors of 47 recently closed microfinance banks, MFBs, as part of efforts to strengthen confidence in the banking system.
Invest Africa’s money in Africa — Dangote
The solution to poverty in Africa is for Africans to invest their money at home rather than take the continent’s wealth away to others parts of the world, the President of the Dangote Group, Alh. Aliko Dangaote, has proffered. He spoke, in Abuja, yesterday, as a panelists on “More Inclusive Growth and Creating Jobs” at the on-going World Economic Forum Africa, WEFA
WEF: Chinese investors offer FMBN $4bn mortgage fund
Nigeria’s mortgage industry has become one of the first major beneficiaries of the World Economic Forum, WEF, Africa, with Chinese investors offering the Federal Mortgage Bank of Nigeria, FMBN, $4 billion to boost the nation’s housing infrastructure.
WEFA: How FG is tackling SMEs’ obstacles
The federal government says it’s taking strategic steps to tackle the obstacles confronting the Small and Medium scale Enterprises, SMEs, in Nigeria to ensure the growth and survival of the sector
N25bn required to remove abandoned shipwrecks — LASG
LAGOS State Govern-ment has said that it requires about N25billion to effectively remove over 200 abandoned ship wrecks and vessels along the state coastline and waterways.
Banks witness low patronage as govt offices remain shut in FCT
Most commercial banks in the Federal Capital Territory (FCT) witnessed low patronage of customers due to the directive of the Federal Government’s to close government offices and schools. However, most customers were not sure that the banks would be opened for business, following the Federal Government’s directive.
