The Nigeria Deposit Insurance Corporation (NDIC) on Friday said limited understanding and the widespread misconception of the Deposit Insurance System (DIS) in Nigeria was largely responsible for the pool of…
Read More Why pool of deposits in closed banks remain unclaimed – NDIC
Ebun Francis| The Central Bank of Nigeria on Friday warned Banks against paying recipients of diaspora remittances in local currency. In a circular to International Money Transfer Operators and Payment…
Read More CBN threatens to sanction operators paying local currency from diaspora remittances
By our reporter| The Senate on Wednesday extended the implementation of the 2020 budget which was supposed to lapse on 31st December, 2020 to 31st March, 2020. The decision, the…
Read More 2020 appropriation implementation extended to March, 2021 by Senate
Ebun Francis| The Federal Government on Tuesday ordered telecommunications operators in the country to block all Subscriber Identification Modules (SIMs) without National Identification Number (NIN). It also ordered the network…
Read More FG orders Telcos to block all SIMs without NINs
By our reporter| Nigeria’s inflation increased by 14.89 per cent (year-on-year) in November 2020. The National Bureau of Statistics which made the disclosure in its Consumer Price Index November 2020…
Read More Nigeria’s inflation rate rose to 14.89% in November -NBS