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Finance

NDIC pays over 80% depositors of failed Heritage Bank

By Ossom Raphael The Nigeria Deposit Insurance Corporation has said that about 82.36 per cent of the depositors of failed Heritage Bank have been paid. The corporation in a statement by the Director, Communication and Public Affairs, Bashir Huhu, said said that it commenced the payment of verified depositors within four days of the liquidation... Read More
Africa News, Breaking News, Business, Finance, Governance, Nigeria Capital, Nigeria News

UNSTABLE ECONOMY: NNPCL , CBN , Others Assure Nigerians of Better Days Ahead

*** As NASS holds critical session with stakeholders   By Festus Fifen   As Nigerians continue to grapple with the uncertainties currently bedeviling the economy, Critical stakeholders of the Nation’s economy like the Nigerian National Petroleum Company Limited (NNPCL) , the Central Bank of Nigeria ( CBN) and others , on Monday assured Nigerians of... Read More
Africa News, Breaking News, Business, Finance, Governance, Nigeria Capital, Nigeria News, Politics

National Council On Nutrition Approves New Measures To Address Food, Health Concerns

By Festus Fifen ***** Collaboration key to solving Nigeria’s nutrition crisis, Says VP Shettima   The National Council on Nutrition (NCN) has approved new measures to combat malnutrition and food insecurity in Nigeria. This is in line with the President Bola Ahmed Tinubu administration’s efforts to improve the nutritional status of all Nigerians. Speaking on... Read More
Africa News, Breaking News, Business, community, Finance, Nigeria Capital, Nigeria News, Politics

PRESIDENT TINUBU ROLLS OUT MEASURES TO STRENGTHEN ECONOMY

By Festus Fifen President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) and launched the Economic Stabilization Programme to ensure food security, improved power supply, enhanced social welfare and healthcare, increased energy production, and overall economic transformation. Speaking at the inaugural meeting of the 31-member Council held at the Council Chambers in... Read More
Africa News, Breaking News, Business, Finance, Health, Nigeria Capital, Nigeria News, Politics

PRESIDENT TINUBU APPOINTS BOARD OF NIGERIAN CONSUMER CREDIT CORPORATION

By Festus Fifen Nigeria President Bola Ahmed Tinubu has Appointed The Chairman and Members Board members of Nigeria Consumer Credit Corporation (CREDICORP) According to a statement from his Special Adviser on Media and Publicity Ajuri Ngelale this move is to further expedite the process of expanding consumer credit access to Nigerians. The President approved the... Read More
Africa News, Breaking News, Business, Business, Finance, Nigeria Capital, Nigeria News, Politics

ADELEKE GOVERNMENT RESTATES COMMITMENT TO BUILD PRIVATELY-OWNED AIRPORT IN OSUN

By Biodun Ogundipe in London. The Osun State government under the leadership of the Governor, Sen. (Dr.) Ademola Jackson Nurudeen Adeleke has reiterated its commitment to build a privately funded African Tourism International Airport, at Ila-Orangun. This was stated by the Honourable Commissioner for Commerce and Industry, Rev. Bunmi Jenyo at the Conference room of... Read More
Africa News, Breaking News, Business, Finance, Nigeria News, Transport

Amidst Labour Protest, President Tinubu Assures of Better Days Ahead.

*Says his Administration is Taking Sure, Solid Steps to Economic Prosperity By Festus Fifen. Amidst Protest by the Nigeria Labour Congress and affiliate unions in different locations within Nigeria on Wednesday, President Ahmed Bola Tinubu said the current economic challenges being faced in the country will soon be a thing of the past as his... Read More
Africa News, Breaking News, Business, Finance, Nigeria Capital, Nigeria News, Politics

EXCESSIVE BORROWING: CSOs urge NASS to probe FG over $3.4billion COVID 19 loan , subsidy savings , others 

By Festus Fifen As Nigerian grapple with recent economic hardship associated with the recent inflation and others financial difficulties, A Coalition of Civil Society Organisations ( CSOs) on Friday in Abuja , called on the National Assembly to probe the $3.4billion loan collected by the Federal Government from the International Monetary Fund ( IMF) ,... Read More
Africa News, Breaking News, Business, Finance, Justice, Nigeria Capital, Nigeria News, Politics

They were previously closed’ — NDIC clarifies report of 20 liquidated banks

By Ossom Raphael The Nigeria Deposit Insurance Corporation (NDIC) has clarified the reported liquidation of 20 banks by the Central Bank of Nigeria. The Corporation said it did not liquidate 20 new banks as claimed by reports on social media. In a statement signed by Bashir Nuhu, NDIC’s director of communication and public affairs, the... Read More
Africa News, Breaking News, Business, Finance, Nigeria Capital, Nigeria News
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