Category: Business
Heritage Bank:NDIC poised to recover N700bn loans owed by 2.3m depositors
The Nigeria Deposit Insurance Corporation, NDIC, has announced that it will pay out insured deposits to depositors of the defunct Heritage Bank who have N5m or...
NETCO Posts 137% Increase in Operating Profit for 2023
………Targets 5% Increase in Market Share through EPC Projects The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National...
Recapitalisation:Fidelity Bank undertakes ₦29.6 billion rights issue, ₦97.5 billion public offer
Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred...
Fidelity Bank outperforms banks, stock market with 507% gain in 5 years
Photo Caption:L – R: Stanley Amuchie, Executive Director, Chief Operations & Information Officer, Fidelity Bank Plc; Oladele Sotubo, MD/CEO Stanbic Capital; Dr...
You’re not paying commensurate Taxes,Presidential Panel tells the Rich
Nigeria’s Presidential Tax and Fiscal Policy Reforms Committee, headed by Taiwo Oyedele has accused the tuch in the country of not paying taxes commensurate...
CBN refutes alleged plan to revoke more banking Licenses
The Central Bank of Nigeria (CBN) says it has no plan to revoke the licences of more Deposit Money Banks (DMBs). The Acting Director, Corporate Communications, of...
Give me cost of new national minimum wage under 48hrs,Tinubus tasks Finance Minister
President Bola Tinubu, on Tuesday, mandated the Minister of Finance and Coordinating Minister of the Economic, Wale Edun, to calculate the cost implications of a...
Liquidated Heritage Bank: NDIC commences payment to depositors’ with less than N5m
Payment to depositors with liquidated Heritage Bank having N5 million and below will begin on Monday, the Nigeria Deposit Insurance Corporation (NDIC) said...
CBN hammer falls on Heritage Bank,License revoked
The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This is according to a statement issued by...
IATA commends CBN for Clearing ,$831m Foreign Airlines’ Trapped Funds-
The International Air Transport Association,IATA has commended the Federal Government for clearing foreign airlines trapped funds worth $831m from June last year...
