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NO PLANS TO REVOKE ANY LICENCE -CBN

In  response to  allegations of license withdrawals,  circulating in the public domain, suggesting that the CBN is set to revoke the licenses of three additional...

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...

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AEO DRIVES ₦362.79BN BOOST, CUSTOMS SUSPENDS DEFAULTING FIRM

  The Nigeria Customs Service has posted a major revenue boost under its Authorised Economic Operator programme, with collections rising by ₦362.79 billion — a...

DANGOTE CEMENT COMMISSIONS SECURITY POSTS IN KOGI HOST COMMUNITIES

By Kikelomo Okere   As part of its commitment to enhancing security and reinforce effective community policing in its host communities, Dangote Cement Plc, through its...

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,...