UPDATE: NDIC Completes 84.98% Payment to Depositors of Defunct Heritage Bank The Nigeria Deposit Insurance Corporation (NDIC) said it has paid 84.98 per cent of the depositors whose funds are trapped in liquidity to the Heritage Bank. The CBN announced the revocation of the licence of...

Technophobia: Pantami Says AI Won't Replace Humans, But Unskilled Workers The former Minister of Communication and Digital Economy, Professor Isa Ali Pantami, has addressed concerns about Artificial Intelligence (AI) potentially displacing millions of jobs, emphasising the importance of skill acquisition in mastering modern tools as...

Pilgrims: Lagos Pegs 2025 Hajj Initial Deposit at N8.5m The Lagos State Muslim Pilgrims Welfare Board has fixed N8.5m as initial deposit for the 2025 Hajj exercise. The board called on intending pilgrims to the Kingdom of Saudi Arabia to obtain the Hajj form from...

CBN Approves Forex Sales of $20,000 to BDCs at N1,590/$ The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change operator across the country. This was disclosed by the apex bank in a statement signed by...

Domestic Investors Lead Trading as NGX Transactions Hit N3.48tn in Eight Months The Nigerian Exchange Limited has recorded total transactions of N3.48tn year-to-date as of August 31. This was revealed in the NGX domestic and foreign portfolio investment report for August released on Wednesday. According to the...

NIBSS: E-payment Transactions Rises 86% to N566.39tn in 2024 The Nigeria Inter-Bank Settlement System says E-payment transactions in the country jumped by 86.44 per cent to N566.39tn in the first half of 2024 from N303.60tn in the same period of last year. The data showed July...