NDIC Pays N1.45bn to Over 16,000 Depositors of 34 Closed DMBs in 2017– Report
The Nigeria Deposit Insurance Corporation (NDIC), said it paid N1.45 billion to 16, 324 depositors of 34 closed Deposit Money Banks (DMBs) in 2017. According to…
FG Supports Rice Subsidy Programme With N60bn …To Restructure Bank of Agriculture- Minister
Minister of Agriculture and Rural Development, Audu Ogbeh The Federal Government has approved N60 billion in support of its rice subsidy programme aimed at bringing down the price…
$2bn Nigerian rail project: GE out, South Africa Transnet in
General Electric said on Thursday it has handed over the leadership of a consortium chosen to run a Nigerian rail concession to South Africa’s Transnet after the U.S. company spun…
CBN Requests Telcos to raise N5bn Capital Investment for Mobile Money Operations
The Central Bank of Nigeria has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money operations to make a minimum capital…
Nigeria raises $2.86bn Eurobonds as Fitch rating notches up
The Federal Government on Wednesday said it had raised 2.86 billion dollars three-series international bond under its Global Medium Term Note Programme. Mr Paul Abechi, Special Adviser to the Minister…
Senate probes $2.2 billion NNPC NLNG withdrawals
A probe by the Nigerian Senate into whether state oil firm NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a committee said…
Meet 8 Nigerians listed among Forbes 30 under-30 global influencers
Eight Nigerians have been listed, among other global influencers, in the 2019 `Forbes 30 under 30 list.’ News Agency of Nigeria (NAN) reports that Forbes 30 under 30 is a…
$10.1bn: MTN Sees Rise in Shares on Report that Nigeria Could Reduce Fine
Shares in South Africa’s MTN Group rose 2.6 per cent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding…
Nigerian on identity trial in US over biggest credit card scam
A man convicted of stealing thousands of identities in a massive credit card fraud scheme is now on trial over one more identity – his own. Prosecutors say they learned…
CBN’s Intervention to Boost Agriculture Hits N107bn in 3 years
The Central Bank of Nigeria, CBN, says it has intervened to boost agricultural production to the tune of N107 billion from 2015 to date through the Federal Government…