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.
Fake insurance worse than fake drugs – NIA
The Nigerian Insurers Association, NIA, has decried the prevalence of fake insurance certificates in the country saying that fake insurance is worse than fake drugs.
Pollution: Reps advises shutting of Warri Refinery
The House of Representatives Committee on Petroleum, Downstream, has advised the Nigerian National Petroleum Corporation, NNPC, to shut down the Warri Refining and Petrochemical Company, WRPC, due to the dangerous emission of carbon black soot on the environment.
Nigeria saves N1.4bn from transformer repairs
About N1.4 billion has been saved from repairing damaged transformers in the country, the Minister of Power, Prof. Barth Nnaji has said.
Q1: Fuel subsidy crisis erodes NSE ASI by 0.38%
The crisis generated by the Federal Government’s policy on fuel subsidy adversely affected trading on the Nigeria Stock Exchange, NSE in the first quarter of 2012, leading to an unimpressive performance in the capital market, says a report by the Securities Exchange Commission, SEC.
Ex-finance minister condemns CBN’s usurpation of fiscal, monetary policies
Former Minister of Finance Chief Anthony Ani has condemned the Central Bank of Nigeria, CBN, for usurping issues on fiscal and monetary policies, stating that there are clear differences on both policies.
