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CBN REVOKES HERITAGE BANK PLC LICENCE.

The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure...

NDIC COMMENCE LIQUIDATION OF HERITAGE BANK

The Nigeria Deposit Insurance Corporation  NDIC says, it has commenced the liquidation of Heritage Bank Plc. The corporation’s Director of Communication and Public Affairs, Bashir...

FIGHT AGAINST SMUGGLING AND ECONOMIC SABOTAGE:  CG ADENIYI SETS UP OPERATION WHIRLWIND.

In an effort in protecting the nation’s economy from the adverse effects of smuggling petroleum products. The Comptroller-General of Customs (CGC) Adewale Adeniyi, inaugurates a...

CBN CLARIFIES GUIDELINES ON BDCS LICENSING.

 The Central Bank of Nigeria (CBN) has clarified the tier-based classification of Bureau De Change (BDCs), stating that the new guidelines followed an earlier...

CBN DIRECTS ALL BDCs TO REAPPLY.

  CBN directs all BDCs to reapply for licenses It also directed that BDCs meet the minimum capital requirements for the license category applied for...

ACCURATE MEASUREMENT  IS KEY TO INDUSTRIAL GROWTH – SON DG.

The Director General of the Standards Organisation of Nigeria (SON), Ifeanyi Okeke, says  measurement is critical as it affects energy efficiency in industries, resource...

INSURANCE SECTOR: NAICOM, RMAFC HARPS ON INSURANCE RELEVANCE IN ECONOMY.

The Commissioner for Insurance/CEO, M Olusegun Ayo Omosehin, has canvassed for enlightenment of government institutions on the relevance of insurance to economic development of...

NIGERIA CUSTOMS SERVICE BOARD CONFIRMS APPOINTMENT OF 5 DCGs, 8 ACGs.

The Nigeria Customs Service Board (NCSB) has confirmed the appointment of five (5) Deputy Comptrollers-General (DCGs) and eight (8) Assistant Comptrollers-General (ACGs) of Customs...

INSURANCE BILL: NAICOM, NIA  PARTNERS TO IMPLEMENT  NIGERIAN INSURANCE INDUSTRY STRATEGIC PLAN.

The National Insurance Commission NAICOM and the Nigerian Insurers Association (NIA) are  set partner on the implementation of the Nigerian insurance industry ten-year strategic...

SON SETS TO COLLABORATE  OGUN STATE GOVERNMENT  ON CNG STANDARDISATION.

In a bid to advance the implementation of Compressed Natural Gas (CNG) standards and ensure the safety of CNG operations, the Director-General of the...

NDIC INCREASES MAXIMUM INSURANCE COVERAGE FOR DMBs

 The Nigerian Deposit Insurance Corporation NDIC has increased the maximum coverage of all deposit-taking financial institutions across all levels. Managing director of the NDIC, Hassan...

NIGERIA CUSTOMS SERVICE CONDEMNS BRUTAL ATTACK IN KATSINA, VOWS JUSTICE FOR FALLEN OFFICER, STRENGTHENS COLLABORATIVE EFFORTS AGAINST SMUGGLING.

NIGERIA CUSTOMS SERVICE CONDEMNS Following the brutal attack that claimed the life of Customs Assistant II Auwal Haruna at the Gamji Makaho checkpoint in the...

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PENCOM APPROVES 1,173% PENSION INCREASE FOR NSITF RETIREES, PAYS ₦8.70BN ARREARS

  The National Pension Commission, PenCom, has approved a historic upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund, NSITF,...

FG ADVANCES ROAD INFRASTRUCTURE DEVELOPMENT IN JIGAWA STATE

  The Federal Government has recorded significant progress on key road infrastructure projects in Jigawa State, as a National Media Tour of ongoing works in...

OPERATION WHIRL STROKE NEUTRALISES TWO BANDITS IN BENUE

  Troops of the Joint Task Force, Operation Whirl Stroke, have neutralised two suspected armed bandits during a security operation along the Naka–Makurdi Road in...

KANO NORTHERN BYPASS TO DECONGEST CITY ROADS, BOOST ECONOMIC ACTIVITIES, ENHANCE ROAD SAFETY

  The Federal Government has reaffirmed its commitment to delivering critical road infrastructure across the country with the ongoing construction of the Kano Northern Bypass,...