The Nigerian Deposit Insurance Corporation has said that it paid a cumulative insured deposit of N6.682bn to depositors of 48 banks in liquidation as at August 2012. The Managing Director, NDIC, Mr. Umaru Ibrahim, said the amount was against the N6.636bn paid to 527,942 depositors in December 2011. He spoke […]
Author: InvestAdvocate
UK taxman probes HSBC accounts after data leak
Europe’s biggest bank, is at the center of an investigation by British tax authorities into leaked data that a newspaper said showed it provided accounts in the tax haven of Jersey for alleged criminals. The authorities confirmed they were looking into details of clients in the Channel island after being […]
Wema Bank Poised To Return To National Bank Status
November 9, 2012 / Press Release /Wema Bank Plc …set to receive N35billion Capital Injection; Deposit Volumes growing at annualized rate of 15% Wema Bank, Nigeria’s most resilient financial institution and oldest surviving indigenous lender, yesterday, announced plans to reapply for a National Banking License in view of a proposed […]
