Weekly update
Weekly Newsletter
Excepteur sint occaecat cupidatat non proident
Microfinance bank
How woman sold her baby to repay bank loan
Olaide Adekunle, a woman aged 33, has reportedly sold her 18-month-old baby for N600,000 to offset her bank loan. Confiance News gathered...
United Capital rewards shareholders with N9 billion dividend payout
…marks 10-year-listing anniversary By Chioma Obinagwam Leading Pan-African financial services conglomerate, United Capital Plc has declared a N9 billion dividend payout to its...
NDIC pays N11bn to depositors of liquidated banks
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has disclosed that the Corporation has paid a cumulative of N11.76 billion...
Financial stability: CBN prohibits Microfinance Banks from engaging in Forex transactions
By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has reiterated that Microfinance Banks (MFBs) are not allowed to engage...
Bankers’ Committee set-up sub-committee to tackle infrastructural deficit
By Chioma Obinagwam The Bankers’ Committee- a committee of bank Chief Executive Officers (CEOs) have said it has unveiled a committee to look...
Mobile Money Operators to get N500,000 coverage from NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has said it will provide deposit insurance coverage of N500,000 maximum limit to subscribers of Mobile Money...
Don't Miss
Preventing financial crimes amid mounting insecurity: Why following the money is now a survival imperative
By Blaise UdunzeNigeria today faces a sobering dual reality: a deepening security crisis and an entrenched financial-crime ecosystem that quietly feeds, sustains, and...
Nigeria’s Oil, Gas Free Zones attract $24bn in investments as operators plead for 10-year tax holiday
By Chioma Obinagwam Nigeria’s oil and gas free zones have pulled in a staggering $24 billion in investments, creating hundreds of thousands of...