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
NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance
By Blaise UdunzeWhen the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian...
Why 2026 must be the year Nigeria’s economy works for all
By Blaise UdunzeAs the new economic year begins in Nigeria, statements and policies emanating from government officials’ corridors project cautious optimism. One of...