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.
Nigerians to be involved in P’Harcourt, Warri, Kaduna refineries’ revamp — NNPC
The Nigerian National Petroleum Corporation, NNPC, Monday, disclosed that a large number of Nigerians would be involved in the planned revamp of the country’s three refineries in Port Harcourt, Warri and Kaduna states.
Free floats of shares: 14 companies may face Stock Exchange sanction
THERE are indications that 14 companies may face sanction from the Nigerian Stock Exchange, NSE, following the companies’ inability to comply with the NSE’s minimum post-listing requirement with regards to free float of shares to the investing public.
We have taken banking to the people through tech — Dozie, CEO, Diamond Bank
Four years ago we decided that retail was going to be an area where we must pursue and it means that we will focus our resources on a retail drive. The two resources that are very key to retail banking are capital and human resources. When you look at where we are in Nigeria, the second biggest economy in Africa and if you put the populations of these West African countries together, it is not up to Lagos and Port Harcourt, you see why we need to consolidate on Nigeria.
Financial Inclusion: CBN grants Freedom Network super-agent licence
THE Central Bank of Nigeria, CBN, has granted an approval-in-principle, AIP, to 3Line Card Limited to operate as a super-agent in the nation’s financial services system in order to boost financial inclusion in Nigeria.
LASG pays N838m to retirees in February
LAGOS State government has released N838 million to pay accrued pension rights of 141 retirees under the Contributory Pension Scheme for the month of February, 2018.
