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NDIC: Farewell To Iconic MD

NDIC: Farewell To Iconic MD By Salisu Na'inna Dambatta       The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, an alumni of the Nigeria Institute for Policy and Strategic Studies, has retired from the Corporation on December 7th, 2020, after serving for 31...

NIRSAL MFB Gets Framework For N75bn Youth Fund Disbursement

NIRSAL MFB Gets Framework For N75bn Youth Fund Disbursement       The Central Bank of Nigeria has released the framework for NIRSAL Microfinance Bank to commence the disbursement of the N75bn Nigeria Youth Investment Fund. It said this in its statement titled ‘Framework for the operation of the...

Equity Market Begins New Week With N42bn Gain

Equity Market Begins New Week With N42bn Gain       Nigerian equity market on Monday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation rose further by 0.28 per cent. The market breath closed positive with 27 gainers against 15 decliners. Consequently, the All-Share...

Investors Gain N297bn As 36 Stocks Push Market Higher

Investors Gain N297bn As 36 Stocks Push Market Higher       Investors in the Nigerian equity market gained N297bn on Monday as 36 firms recorded price appreciation at the end of trading. The equity market sustained its positive outlook as the Nigerian Stock Exchange All-Share Index and the...

Finance Minister wants BVN for MFBs

The Minister of Finance, Mrs. Kemi Adeosun, has strongly solicited the cooperation of the Central Bank of Nigeria (CBN), in extending the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs), to facilitate the detection of bank accounts which might...