Main Menu

Tag: nigerian banks

We Have Sufficient Funds To Pay Distressed Banks’ Depositors, Says NDIC

Nigeria Deposit Insurance Corporation (NDIC)
The Nigerian Deposit Insurance Corporation (NDIC) has said it has sufficient funds to pay depositors whose monies were trapped in 23 distressed banks across the country. Managing Director, NDIC, BelloRead More

House Bill Seeks 15 Years Imprisonment, N25m Fine For Bank Staff Over Non-disclosure Of Assets

House of Representatives
Introduces proposed legislations on gun control, victims’ restitution The House of Representatives has introduced a bill seeking an amendment to Bank Employees (Declaration of Assets) Act, 2004 to reflect currentRead More

Banks’ Impairment Charges Soar By 113% To N228bn

Bank
W’Bank insists on subsidies’ removal, unified exchange rate In an apparent move to reduce the negative impact of COVID-19 on their risks assets, nine banks have significantly increased their impairmentRead More

Customers Groan As MTN Nigeria, Banks Bicker Over Commission

MTN Nigeria
On Friday, customers of MTN Nigeria awoke to the unpleasant reality that they could not purchase the telco’s airtime through the online platforms of commercial banks. This caused a generalRead More

Analysts Project Nigerian Banks To Emerge Highest AfCTA Beneficiaries

African Continental Free Trade Area (AfCFTA)
High electricity tariff will deny Nigeria benefits, say manufacturers With the commencement of the African Continental Free Trade Area (AfCFTA) agreement on January 1, 2021, analysts and stakeholders have expressedRead More

Nigeria Oil Industry Wobbles As Price Drop Slams Economy

Crude oil
The collapse in oil prices linked to the coronavirus crisis has seen Nigeria’s revenues from crude dry up and left Africa’s largest economy more threatened than ever by its dependenceRead More