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Failed Banks: NDIC Pays N100b To Depositors

•Corporation reiterates dangers of trading in Bitcoin The Nigerian Deposit Insurance Corporation (NDIC) said it has paid more than N100 billion to depositors of liquidated Deposit Money Banks in the country till date. Besides, the corporation revealed that it deployed all...

CBN Injects More $195m Into Forex

The Central Bank of Nigeria in its commitment to sustaining its foreign exchange (forex) liquidity has injected another $195 million into the interbank forex market, even as the naira maintains its strength. The $195 million intervention was made monday. Figures released...

N700m Spent On IT Infrastructure- Mines Ministry

The Ministry of Mines and Steel Development has denied spending N700m on the acquisition of a web portal. In a statement issued by the Permanent Secretary, Mr. Mohammed Abbas, in Abuja on Sunday, the ministry said that what it acquired...

Nigeria Makes N212.73bn From Agricultural Exports In 2016

Nigeria realised N212.73 billion from agricultural product exports at the end of the fourth quarter of 2016. The was disclosed in excerpts of a book entitled: ‘‘Making steady, sustainable progress for Nigeria’s peace and prosperity: a mid-term scorecard on...

Nigeria Needs $35 Billion To Sustain Economic Growth

The Managing Director, Infrastructure Bank, Adekunle Oyinloye, has said that Nigeria needs $35 billion per annum for five years to sustain a robust economic growth. Mr. Oyinloye, said this in Abuja while presenting a paper on “Economic Indices and Relationship...

Nigeria Loses N6trn To Fire Incidents

Properties worth a whooping N6trillion has been lost to outbreak of fire incidents in Nigeria within the last five years, Chairman Senate Committee on Interior, Emmanuel Andy Uba ( APC, Anambra South) has said. Uba, who made the disclosure on...
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