As part of efforts to prevent the recycling of workers that had been indicted, terminated or dismissed for fraud and other acts of dishonesty within the banking industry, the Central Bank of Nigeria (CBN) has developed a database of employees in the industry. The Deputy Governor, Financial System Stability, CBN, […]
Author: InvestAdvocate
Mobile Payments Value Surpasses N139 Bn-NDIC
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said the transaction volume and value of mobile payments stood at 14,947,600 and N139.6 billion respectively as at December 31, 2013. The NDIC CEO, speaking at a Roundtable on Mobile Payment Services in Nigeria organised by […]
STI to raise capital through rights issue
Sovereign Trust Insurance Plc (STI) is set to raise additional equity capital by offering one new ordinary share for every three ordinary shares of 50 kobo each. This according to the underwriting firm, is in fulfillment of one of the resolutions reached by its shareholders at the 18th annual general meeting […]