The Nigeria Deposit Insurance Corporation (NDIC) is considering an advance payment of insured deposits once the licence of any insured institution is withdrawn by Central Bank of Nigeria (CBN). This initiative was disclosed by the NDIC Managing Director/Chief Executive, Alhaji Umaru Ibrahim last Monday when he received the Chairman and […]
Author: InvestAdvocate
Euro zone ministers agree on backstops for financing bank closures
Euro zone finance ministers agreed early on Wednesday how to ensure financing for closing down banks in a deal that boosts chances of an agreement on the overall blueprint on dealing with failing lenders later on Wednesday. Related Stories Euro zone agrees on bank closure funding; banking union in sight […]
Jaiz Bank, others sign on for trading on NASD OTC
Three companies, including Jaiz Bank Plc, Resourcery Plc and SWAP Technologies and Telecomms Plc, have signed on for trading of their shares on the NASD Plc, the over-the-counter (OTC) trading platform for unquoted securities, bringing the total number of companies on the platform to 10. The Nation’s check indicated that […]
