Banking

Ncc

NCC Restores Regulatory Services to Globacom

The Nigerian Communication Commission (NCC) has restored regulatory services to one of its licensees, Globacom Limited after it successfully cleared its outstanding debt obligations to the Commission for unpaid Spectrum Fees, Numbering Fees and Annual Operating Levy (AOL). The Commission has also stepped down planned enforcement action against Globacom over its breach of extant regulations […]

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NDIC Boss Urges ICAN to Integrate Deposit Insurance System (DIS) Courses

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has appealed to the Institute of Chartered Accountants of Nigeria (ICAN) to incorporate courses on the Deposit Insurance System (DIS) into its educational programs and modules. Hassan made the call during a courtesy visit by the Governing Council Members of ICAN, […]

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Enaira

CBN Dismisses Fear on eNaira, Says No Cause for Alarm

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has assured Nigerians that its digital currency. eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN, Dr Isa AbdulMumin, said this on Monday 9th October 2023, in Marrakech. AbdulMumin was reacting to a recent media report that raised concerns about Nigeria’s […]

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Ndic

At Abuja Trade Fair, NDIC Reaffirms Commitment to Safety of Depositors’ Funds in Banks

The Nigeria Deposit Insurance Corporation (NDIC), has restated its commitment to ensuring the protection of depositors funds in the Nigerian banking system, reaffirming that its key mandate which is to provide deposit guarantee to depositors of insured financial institutions, bank supervision, distress resolution, and bank liquidation shall remain its watch words. Speaking at the Corporation’s […]

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Ndic

NDIC Commences Payment of N16.18bn Liquidation Dividends to Depositors and Other Stakeholders of 20  Liquidated Banks

  Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has announced declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. To this end, the Corporation has commenced verification and payment of stakeholders covered by the declarations within 30 […]

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NDIC Gets ISO Certification for Excellent Service Delivery

The MSECB, a leading international provider of Audit and Certification Services has granted the Nigeria Deposit Insurance Corporation (NDIC) three ISO certifications namely: Information Security Management System ISO/IEC 27001:2013 (on how organizations manage and protect their information assets so that they remain safe and secure, using this robust framework). The Nigerian financial system sole liquidator, […]

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Access Bank Upgrades Agric Desk to Boost Agribusiness

Major African financial istitution, Access Bank Plc, says it has enhanced its Agriculture Desk to boost sustainable agricultural business and attract global investments. The Executive Director, Commercial Banking, Access Bank, Ms Hadiza Ambursa, at a news conference on Wednesday in Lagos, said that the move aimed at improving value for its customers and stakeholders. Ambursa […]

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Tokunboh Akande

LIRS Chief Clarifies Stamp Duty, Says It’s Revenue Stamp, Not Postage Stamp

The Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service, LIRS, Mr Tokunbo Akande has clarified the misunderstanding about stamp duty as he maintained that it is a revenue stamp and not a postage stamp. Akande made this known while featuring as a guest on The Tax Talk programme on Channels […]

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Ncc

NCC Extends Submission of Application for Hackathon

The Nigerian Communications Commission (NCC) has extended the deadline for submission of applications and entries into the 2023 Talent Hunt through Hackathon to Saturday, September 30, 2023. To this end, the deadline for application/entries into the contest, which opened on September 1, 2023, and initially closed today (September 22, 2023), has now been extended to […]

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Cardoso

Cardoso, Four Others Confirmed by Senate As CBN Governor, Deputies

The Senate gave its confirmation to the appointment of Dr Olayemi Cardoso as the Governor of Central Bank of Nigeria (CBN) on Tuesday, 26th, September, 2023. It also confirmed the nomination of Mrs Emem Usoro, Mr Muhammad Dattijo, Mr Philip Ikeazor and Dr Bala Bello as the bank’s deputy governors. Their confirmation followed the consideration […]

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Cardoso Takes Over As Acting CBN Governor

Dr. Olayemi Michael Cardoso who was recently nominated by President Bola Ahmed Tinubu for the position of the Governor of the Central Bank of Nigeria (CBN) on Friday 22, September, 2023, formally assumed duty, in an acting capacity. He is to act as the CBN Governor. pending his confirmation by the Senate. According to a […]

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Uba

UBA Unveils NQR to Ease Payment for Goods, Services

In its effort towards further ensuring seamless payment system, Africa;s global bank, United Bank for Africa (UBA) Plc, has introduced another innovative payment method, NQR, an indigenous QR-code-based payments and collections solution to enhance customers’ experience for merchants and buyers. The NQR payment system, the bank said in a statement, will enable Micro, Small and […]

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