NDIC Wins N1.4BN Debt Recovery Case In its capacity as official liquidator, the Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors who owed the defunct Gulf Bank Plc the sum of...

Tax Tribunal orders ECO Bank to pay N1.6 billion to FIRS The Tax Appeal Tribunal, Lagos Zone has declared as illegal, null and void the decision of ECO Bank Nigeria Limited to pay N5,545,000,000 as dividends to its shareholders in...

FINTECH Firms can’t be Licensed Now- NDIC Even though there are inherent benefits of Fintech technology in the nation’s financial system, license may not be given to FINTECH operations now by the regulatory authorities until studies are concluded. Dr Ibrahim Alley,...

Buhari approves Humanitarian Coordination Committee President Muhammadu Buhari has approved the constitution of a National Humanitarian Coordination Committee (NHCC) to oversee humanitarian activities in the country. Mr Femi Adesina, Special Adviser to the President on Media and Publicity, confirmed this development...

Reps summons NIMASA over unaudited accounts The House of Representatives Committee on Public Accounts has summoned the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to appear before it on Feb. 25, to give reasons for its unaudited...

Governors Worry over Excess Crude Account depletion Governors are worried about the depletion of the Excess Crude Account (ECA) and the resurgence of insecurity especially the upsurge of Boko Haram attacks, it was learnt at the weekend. Also of concern to...