BY CHINYERE OBIORA, LAGOS – The Bank Directors Association of Nigeria (BDAN) says described as “excessively burdensome and ill-timed” the recently imposed 70 per cent windfall tax on profits generated…
BY CHINYERE OBIORA, LAGOS – Focused on reaffirming its commitment to transparency and accountability in the Nigerian economy, the Central Bank of Nigeria (CBN) has revived the publication of several…
Says verification issues stalling payment to remaining 17.6% The Nigeria Deposit Insurance Corporation (NDIC) says about 82.36 per cent of failed Heritage Bank depositors have received their payments following the…
Going by its exceptional performance in growth and capital raise, Zenith Bank Plc has successfully firmly established itself as a powerhouse in the Nigerian banking sector by consistently delivering outstanding…
BY COBHAM NSA – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again raised the interest rate by 50 basis point from 26.25 percent to…
Unity Bank customers have so far claimed over four million Naira (N4m) in cash rewards as part of its ongoing loyalty programme, recently launched in partnership with Cashtoken, a Cash…
Blames insider abuses, financial malpractices for banks’ failure BY CHINYERE OBIORA, LAGOS – The Nigerian Deposit Insurance (NDIC) says consistent checks on insider abuses and financial malpractices that promote bank…
The Development Bank of Nigeria (DBN) Plc has appointed five new directors to fill the vacancies created by the exit of some directors whose tenures on the board have expired….
BY EDMOND ODOK – The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, has blamed the Central Bank of Nigeria (CBN) for the nation’s stunted economic growth…
The Nigeria Deposit Insurance Corporation (NDIC) has blamed account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers for the delay in settling…