By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation within the week. The Managing Director of NDIC, Mr Bello Hassan, said this while briefing newsmen in Abuja on Wednesday. The managing director said theContinue Reading
By Lucy Ogalue The University of Abuja and the Gemological Institute of Nigeria (GIN) have signed a Memorandum of Understanding (MoU) to strengthen the mining sector. The GIN President, and 1st Deputy President, Abuja Chamber of Commerce and Industry (ACCI), Prof. Adesoji Adesugba, during the signing, said the MoU wouldContinue Reading
By Gregory O. Mmaduakolam An Economist, Mr Abba Adaudu, has decried the revocation of the licence of Heritage Bank by the Central of Nigeria (CBN) due to a breach of banking regulations. Adaudu, who is also a financial consultant, spoke with the News Agency of Nigeria (NAN) on Tuesday inContinue Reading
By Kadiri Abdulrahman 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 Hakama Sidi-Ali, the Acting Director, Corporate Communications Department of CBN on Monday in Abuja. Sidi-Ali said that the action wasContinue Reading
By Martha Agas The Minister of Solid Minerals Development, Dr Dele Alake, says plans are ongoing by the Federal Government to establish six mineral centres in the six geo-political zones. According to Alake, the aim is to boost the sector. Alake said this in an interview with the News AgencyContinue Reading
By Martha Agas The Minister of Solid Minerals Development, Dr Dele Alake, says that plans are ongoing to increase the number of Mining Marshal Corps from 60 to 100. The increase would be across the 36 states of the federation and the Federal Capital Territory (FCT). Alake said this inContinue Reading
By Martha Agas Dr Dele Alake, the Minister of Solid Minerals Development, says the Federal Government will deploy technology for the surveillance of mining sites across the country. Alake said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. He said that the technologyContinue Reading
By Martha Agas The Ministry of Solid Minerals Development is determined to ensure that the solid minerals sector’s contribution to Nigeria’s Gross Domestic Product (GDP) surpasses that of oil, the minister, Dr Dele Alake, has said. Alake stated this in an interview with the News Agency of Nigeria (NAN) onContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, has reaffirmed the bank’s commitment to continue to deliver at scale to countries in the continent. Adesina said this at the sideline of an event to celebrate the bank’s 60th anniversary. The event was held on theContinue Reading
By Lucy Ogalue Africa needs to close a financing gap of about 402.2 billion dollars annually by 2030 to fast-track its structural transformation. Dr Akinwumi Adesina, President, African Development Bank (AfDB), said this during the presentation of the African Economic Outlook (AEO) 2024 at the ongoing AfDB Annual Meetings inContinue Reading
