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Monday, May 20, 2019

NDIC Warns Banks on Jumbo Salary

The Nigerian Deposit Insurance Corporation (NDIC) has warned banks against excessive jumbo remuneration packages which could have negative effect in their revenue drive.The Managing...

Sanusi Cautions African Central Banks on Debt Crisis

The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks’ governors not to lower their guard in...

NDIC Gives Assurance on Banking Reforms

… Appoints Debt Recovery AgentsThe Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of...

Islamic Bank: Jaiz Commences Business in 3 Branches

The Nigeria's first licensed Islamic Bank, Jaiz Bank Plc has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja,...

Emir Commends Banking Reforms … AsCBN Condoles People Of Kano Over Boko Haram Attacks

The Emir of Kano, His Highness, Alhaji Ado Bayero has expressed satisfaction over the performance of Central Bank Governor, Mallam Sanusi Lamido Sanusi since...

NDIC: Consolidating achievements, projecting brighter future

As global economic challenges continue to rage with serious impacts on the world financial system, a stable banking sector must be achieved to be...

NDIC Launches Special Help Desk for Microfinance Banks

NDIC LAUNCHES SPECIAL HELP DESK FOR MCROFINANCE BANKSThe Nigeria Deposit Insurance Corporation (NDIC) has established a Special Help Desk for depositors, employees, shareholders and...

The Ranking of Nigerian Banks by Shareholders Funds

The Economic Confidential has discovered that before the intervention of Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) in the banking...

Nigeria Approves Inclusion Of Chinese Renminbi In External Reserves

The Central Bank of Nigeria (CBN) has finalized arrangements to diversify its external reserves holdings by including the Chinese Renminbi (RMB) to the existing...

CBN Endorses Bridge Banks

The Central Bank of Nigeria (CBN) has endorsed the decision of the Nigeria Deposit Insurance Corporation (NDIC), to exercise its statutory powers under the...

Re: CBN and Non-Interest Financial Institutions

A few weeks ago, a document which decried the planned introduction of the Shariah (Islamic law) banking system under the Section 61 of the...

Re: CBN on Banks’ Executive Remuneration and Rating Agencies

The CBN has noted two stories, first in The Punch alleging that the CBN may reduce bank executives’ remuneration and the second in The...

CBN Communiqué No. 76 of the Monetary Policy Committee Meeting

The Monetary Policy Committee (MPC) met on 23rd and 24th May, 2011 to assess current domestic and international economic and financial developments as well...

Unity Bank GMD Emerges Business Hallmark Bank of the Year|

…. As the CBN Hails the BankUnity Bank Group Managing Director, Falalu Bello has emerged Business Hallmark Banker of the year 2010 while the...

RE: NEWSPAPER REPORTS ON THE ALLEGED NON-SUBMISSION OF BUDGET OF FEDERAL GOVERNMENT AGENCIES TO...

The Central Bank of Nigeria (CBN) has noted news stories in several national newspapers alleging that the Senate has deferred the consideration and passage...

NDIC Recruits New Examiners to Monitor Banks

In its effort to have a firm hold on the banking industry, the Nigeria Deposit Insurance Corporation (NDIC) has released a fresh set of...

CBN Extends Deadline on Update of Bank Accounts

The Central Bank of Nigeria (CBN) has extended the deadline it gave customers of banks to update their information with the financial institutions from...

CBN INITIATIVES HELPING TO ADDRESS INFRASTRUCTURAL GAP, President Jonathan

President Goodluck Jonathan has again given kudos to the initiatives of the Central Bank of Nigeria (CBN), aimed at addressing the infrastructural gap in...

American Legislators Commends CBN’s Banking Reforms

At the Rayburn House Office Building, Capitol Hill, in Washington D.C. the crucial role that Nigeria’s economy plays in Africa and the global economy,...

AMCON Board Authorises Purchase of Non-performing Loans

The Board of the Asset Management Corporation of Nigeria (AMCON) concluded its first board meeting today in Abuja, during which it reiterated its mission...