Mobile money subscribers hit 9.25 million in 6 months
The number of subscribers to the 23 Mobile Money Operators (MMOs) in the country stood at 9.25million as at the first half of this year, Alhaji Umaru Ibrahim, managing director and chief executive...
CBN and challenges of bank regulation
The Central Bank OF Nigeria (CBN) regulatory policies on deposit money banks usually set the tone for a stable financial system. However, like all human organizations...
‘NDIC remitted N217b to government in 30 years’
The Nigeria Deposit Insurance Corporation (NDIC) remitted a whopping N217 billion into the Consolidated Revenue Fund (CRF) of the government within the three decades of its existence, the Ministry of Finance has disclosed.
How NDIC paid N12b to 527,283 depositors of failed institutions
In 30 years of operations, the Nigeria Deposit Insurance Corporation (NDIC) has paid a cumulative sum of N11.93 billion to depositors of failed financial institutions in the country.
NDIC deepens engagement with Korea’s deposit insurer
The Nigeria Deposit Insurance Corporation (NDIC) is deepening its international engagements in a move to sustain best practices in the nation’s Deposit Insurance System...
Kano firm petitions CBN, NDIC over alleged N86m scam
A Kano based firm, Triple C Motors Nigeria Ltd, has petitioned the Central Bank of Nigeria (CBN) and Nigerian Deposit Insurance Corporation (NDIC), demanding payment of N86 million for the supply of seven vehicles to Fidelity Bank plc.
NDIC renews call for amendment of enabling Act
The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the ninth Senate of the Federal Republic for the speedy passage of the NDIC Act, 2006 (as amended), currently before the National Assembly. Ibrahim made the plea when the management of the corporation paid a courtesy…
NDIC raises concern over huge financial exclusion
Nigeria Deposit Insurance Corporation (NDIC) has raised concern over the huge financial exclusion in Nigeria, which it put at 60 per cent.The managing director/chief executive officer, Alhaji Umar Ibrahim....
Undeterred by losses, Nigerians still embrace Ponzy schemes
Olusola Deji earns very little as a civil servant working in Lagos State. Indeed, he is quick to remind you of the age-long refrain, “my take home pay cannot take me home.”
How shareholders’ activism ensures accountability, protects listed firms
Shareholders are the owners of companies whether listed or not. They have claim on a portion of the assets owned by the company. As these assets generate profits, which are ploughed back for further growth, shareholder value increases which capital markets reward through rise in stock price.