NDIC Refunds Liquidated Banks Depositors According to the Nigeria Deposit Insurance Corporation (NDIC), it has reimbursed the depositors of 179 failed microfinance and mortgage banks across the country. The Managing Director of the NDIC, Dr Bello Hassan, stated this at the NDIC Special Day during the...

NDIC Refunds Liquidated Banks Depositors According to the Nigeria Deposit Insurance Corporation (NDIC), it has reimbursed the depositors of 179 failed microfinance and mortgage banks across the country. The Managing Director of the NDIC, Dr Bello Hassan, stated this at the NDIC Special Day during the...

NCAA Committee To Investigate Foreign Airlines Over High Prices Chris Najomo, Director-General of the Nigeria Civil Aviation Authority (NCAA), has set up a 10-person committee to investigate foreign airlines' rising fares in a bid to make air travel more affordable for Nigerians. This was disclosed in...

Oil Prices Fall As US Inflation Prompts Weak Demand On Thursday, oil prices fell as inflation data from the United States indicated a softening of the world’s biggest economy which could weaken crude oil demand. Brent futures went down by 6 cents to $83.62 a barrel...

Equity Market Investors Lose As Sell-offs Continue Midweek trading on the Nigerian Exchange saw sell-offs continued, resulting in a N720bn loss to investors. This is also the third day of consecutive bearish trading on the exchange, which has resulted in a combined loss of N1.54tn. Wednesday’s bearish...

1,068 Approved Oil Projects To Attract $22.8bn Investments – FG   About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday. It disclosed this during a...