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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...

NDIC SUSTAINS FIGHT AGAINST CORRUPTION WITH INAUGURATION OF ANTI-CORRUPTION & TRANSPARENCY UNIT (ACTU)

The Managing Director and Chief Executive officer  Nigeria Deposit Insurance Corporation (NDIC)  Bello Hassan says the corporation has a culture of zero tolerance for...

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OIL FIRMS REJECT $25.5M DEBT CLAIMS, SAY DISPUTE UNDER ARBITRATION

By Kikelomo Okere Editor Green Energy International Limited (GEIL) and Lekoil Nigeria Limited have pushed back on media reports linking them to a $25.5 million debt,...

CBN SLAMS BANKS OVER ILLEGAL CHEQUE PRINTING.

Kikelomo Okere Editor The Central Bank of Nigeria has imposed a ₦10 million fine on any commercial bank that uses unaccredited cheque printers or personalisers. Beyond...

NEPZA HANDS HARVESTFIELD FTZ LICENCE, TARGETS CUT IN MEDICAL IMPORTS

By Kikelomo Okere   The Nigeria Export Processing Zones Authority has officially presented the Declaration and Operational Licences to Harvestfield Industries Free Trade Zone, a specialised...

CARDOSO HAILS AU DECISION ON AFRICAN MONETARY INSTITUTE

By Kikelomo Okere The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has welcomed the African Union’s approval of Nigeria’s permanent seat on the...