The Nigeria Deposit Insurance Corporation, NDIC, said that 99.4 per cent of bank accounts contain less than N500,000 Maximum Insured Limit (MIL) of the Nigeria Deposit Insurance Corporation, NDIC Managing Director/Chief Executive, NDIC, Mr. Bello Hassan disclosed this in Gombe, at the second led of the Corporation’s workshop for Finance Correspondents and Business Editors. He…
Nigerians have cried out to President Muhammadu Buhari over the high cost of Liquefied Petroleum Gas (LPG), otherwise called cooking gas, in the country, urging him to take drastic measures to crash the price of the product in the interest of the masses. From Lagos to Kano, Kebbi, Bayelsa, Cross River, Port Harcourt and Benue,…
Stakeholders Applaud the NIN-SIM Verification Exercise as FG Urges Citizens and Legal Residents to Enrol Before the End of the Year The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) has conveyed the approval of the Federal Government to extend of the deadline for the National Identity Number (NIN)-Subscriber Identity Module…
SokoLoan Lending company, a quick credit startup, in Nigeria is on the verge of a shutdown months after the National Information Technology Development Agency (NITDA) sanctioned the firm for privacy invasion. On August 17, 2021, the agency had released a statement informing the public that Sokoloan will be fined N10 million for invading the privacy…
Failure of the governor Willie Obiano led Anambra State government to meet safty concerns was behind the suspension of Commissioning Anambra International Airport by Nigeria Civil Aviation Authority (NCAA), it has been learnt. Contrary to claims by the state government that it met all requirements for the approval in line with international standards, when Nigerian…
The Group Managing Director of First Bank Nigeria Holdings, Urum Kalu (U.K) Eke, has resigned from his position before the end of his tenure amid a leadership tussle at the lender. U.K Eke was appointed in 2016 as the GMD of FBN Holdings. He has however tendered his resignation to the company since August 10,…
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year. Its Country Director for Nigeria, Shubham Chaudhuri, who spoke on Monday at a panel session during the 27th National Economic Summit, said the country could channel the money…
It was a busy week for the Nigerian National Petroleum Company Limited (NNPC) as the Group Managing Director (GMD) Malam Mele Kyari, addressed the 17th All Nigerian Editors’ Conference in Abuja, as Special Guest of Honour. The conference was an opportunity for the NNPC to spread the message of energy transition and its benefit to…
The Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) says it is ready to partner with the Nigerian Guild of Editors (NGE) on empowerment to enhance their livelihood even after retirement. Mr Aliyu Abdulhameed, the Managing Director and Chief Executive Officer of NIRSAL disclosed this during his keynote address at the 17th All…
