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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...

Most Read

COURT AFFIRMS FCCPC AUTHORITY OVER BANKS, DISMISSES UBA SUIT

by Kikelomo Okere, Business Editor A landmark ruling by the Federal High Court in Abuja has reaffirmed the authority of the Federal Competition and Consumer...

ALL 13 KIDNAPPED OTUKPO PASSENGERS RESCUED

Felicity Ndere, Markudi All thirteen passengers abducted along the Makurdi–Otukpo road in Otukpo Local Government Area of Benue State have been successfully rescued. Security sources confirm...

NMDPRA DISMISSES JET FUEL SCARCITY CLAIMS, CONFIRMS 74-DAY SUPPLY

Kikelomo Okere The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has dismissed reports of aviation fuel scarcity and price spikes, assuring Nigerians of adequate...

NIGERIA OPEN TO MORE INVESTMENT IN OFFSHORE OIL AND GAS SECTOR

    The Minister of Interior, Dr. Olubunmi Tunji-Ojo, has boosted investor confidence in Nigeria, expressing optimism that reforms under President Tinubu’s Renewed Hope Agenda are...