By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) says the corporation is managing assets of almost 600 failed banks and working to ensure that depositors are paid their uninsured deposits. Mrs Patricia Okosun, the Director, Asset Management Department of the NDIC, said this at a sensitisation seminar for DebtContinue Reading
By Grace Alegba The Chairman of the Senate Committee on Public Procurement, Dr Olajide Ipinsagba, says a transparent and corruption-free procurement system is critical to safeguarding public resources and driving national growth. Ipinsagba made the remark on Thursday at a stakeholders’ consultative meeting organised by the Bureau ofContinue Reading
The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has announced new reforms aimed at overhauling the nation’s public procurement system to restore transparency, accountability and value for money. Adedokun made the announcement on Thursday in Lagos at a stakeholders’ consultative meeting organised by the BPP withContinue Reading
ACCI hails MPC rate cut, seeks sustained support for businessesContinue Reading
By Vivian Emoni The Abuja Chamber of Commerce and Industry (ACCI) has reiterated its dedication to strengthening policy advocacy and driving sustainable economic growth across the country. Chief Emeka Obegolu, President of the ACCI, disclosed this at an Interactive Forum with its National Policy Fellows (NPF), on Thursday in Abuja.Continue Reading
By Busayo Onijala The German Consulate General in Lagos hosted a reception for a business delegation from Rheinland-Palatinate on Tuesday night to deepen trade relations with Nigeria. The News Agency of Nigeria (NAN) reports that Rhineland-Palatinate or Rhineland-Pfalz, one of Germany’s 16 federal states, boasts a GDP of €185Continue Reading
By Nana Musa The Minister of State for Finance, Dr Doris Uzoka-Anite, has reiterated the Federal Government’s commitment to actualising President Bola Ahmed Tinubu’s one trillion-dollar economy. Uzoka-Anite made this known at the Annual General Meeting (AGM) of the Finance Correspondents Association of Nigeria (FICAN) in Abuja, on Wednesday. TheContinue Reading
By Nana Musa The National Association of Microfinance Banks (NAMB) has organised a specialised training on corporate governance for managing directors, chairman an non- executive directors of Micro-Finance Banks (MFBs), The Chairman of the Federal Capital Territory (FCT) Chapter of NAMB, Mr Francis Akie, said that the training was gearedContinue Reading
By Kadiri Abdulrahma The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr Yemi Cardoso, made this known on Tuesday in Abuja while presenting the communiqué from the 304th meetingContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points was partly informed by sustained deceleration in year-on-year inflation. The CBN Governor, Yemi Cardoso, said this on Tuesday in Abuja while presenting the communiqué from the 304thContinue Reading
