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Finance
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NDIC commences verification of insured depositors of defunct Peak Merchant Bank

The Nigeria Deposit Insurance corporation (NDIC) has commenced verification of insured depositors of Peak Merchant Bank in-liquidation towards payment of their insured sums. This is in line with the corporation’s mandate of deposit guaranty and reimbursement of depositors in the event of bank failure. According to a release signed by the Director, Communication and Public... Read More
Breaking News, Business, Finance
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We Established A Mining Department in The FCT For Coordinated IGR – ADESHOLA

By Festus Fifen. The Permanent Secretary, Federal Capital Territory Administration (FCTA), Olusade Adesola, says the philosophy underlining the establishment of the Department of Solid Minerals and Allied Matters in the FCT is to ensure that all Mining activities in the FCT are properly coordinated for improved Internally Generated Revenue ( IGR), and boost the socio-economic... Read More
Africa News, Breaking News, community, Finance, Nigeria Capital, Nigeria News
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WHY I APPROVED REDESIGN OF NAIRA NOTES, BY PRESIDENT BUHARI

By Festus Fifen As reactions continue to trail the unveiling of the new Naira Notes, President Muhammadu Buhari on Wednesday said the new Naira banknotes have been fortified with security features that make them difficult to counterfeit. Speaking at the launch of the new banknotes, which preceded the Federal Executive Council (FEC) meeting, the President... Read More
Africa News, Breaking News, Finance, Nigeria Capital, Nigeria News, World News
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PARIS CLUB REFUND: Governors’ Noise Baseless – Malami.

By Festus Fifen. The Nigeria Minister of Justice and Attorney General of the Federation Abubakar Malami on Thursday said that the recent Noise and upheaval by the Nigeria Governors Forum about payments associated with the Paris club refund is baseless as the Justice Ministry under his watch is doing everything in line with the law.... Read More
Africa News, Breaking News, Business, Business, Finance, Nigeria Capital, Nigeria News
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UK’s leading trade training body expands into Africa

Trade education is vital to further grow exports between the UK and Africa The Institute of Export & International Trade (IOE&IT) today announced a new investment in Africa with the opening of its first international office in Nairobi, Kenya. Building on the Kenya-UK Economic Partnership Agreement the IOE&IT is developing training, education and consultancy offerings... Read More
Breaking News, Business, Finance, UK News, World News
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Britain’s DFI beats 2020 Africa Investment Summit pledge to invest £2 billion in Africa

Britain’s DFI beats 2020 Africa Investment Summit pledge to invest £2 billion in Africa CDC Group reaches milestone despite upheaval caused by the pandemic Africa to remain the focus for investment over the next five-year strategy period CDC Group, the UK’s development finance institution, today announced that it had exceeded its 2020 commitment to invest... Read More
Africa News, Breaking News, Finance, World News
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NATIONAL FOI AWARDs: NIPC Emerges Most Responsive Public Institution of the Year 2021.

By Festus Fifen The Nigerian Investment Promotion Commission (NIPC) was again honoured Friday the 10th of December at the National Freedom of Information Awards organised by the European Union, International Press Centre and Media Right Agenda to commemorate the 10th year anniversary of the signing of the FOI Bill into law. According to a statement... Read More
Africa News, Breaking News, Business, Business, Finance, Nigeria News
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PETROLEUM INDUSTRY BILL: Independent Petroleum Marketers Hails Inclusion of PEF in Passed Bill.

  By Festus Fifen As reactions continue to trail the passage of much talked about Petroleum Industry Bill by the National Assembly, the Independent Petroleum Marketers Association of Nigeria, (IPMAN) has described the inclusion of the Petroleum Equalization Fund (PEF) in the newly passed Bill as a clear demonstration of the sensitivity of the legislative... Read More
Africa News, Breaking News, Business, Business, Finance, Nigeria News
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EASE OF DOING BUSINESS: FCTA Meets Stakeholders to Resolve Multiple Taxation Issues.

By Festus Fifen The Nigeria Federal Capital Territory Administration (FCTA) has begun moves to end multiple taxation in the Nation’s capital in order to ensure a smooth business environment for local and foreign investors doing business in Territory. Director, FCTA Department of Reform Coordination and Service Improvement, Dr. Jumai Ahmadu disclosed this to journalists over... Read More
Africa News, Breaking News, Business, Business, Finance, Nigeria News
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