By Segun Olatunji, Kaduna Friday, 17 Dec 2010 The Nigeria Deposit Insurance Corporation said on Thursday in Kaduna that it had plans to reduce the insurance premium on bank deposits, which was a burden in the banking industry. The NDIC also announced an increase in the deposit insurance coverage levels of […]

By Gbenga Agbana Friday, 17 Dec 2010 Shareholders of Union Bank of Nigeria Plc, on Thursday approved its reports and accounts for the financial years ended March 31, 2009 and December 31, 2009, at its 40th and 41st Annual General Meetings held in Maiduguri, Borno State. A statement from the company […]

By Tom Burgis in Lagos December 16 2010   Goodluck Jonathan, Nigeria’s president, on Wednesday announced a budget that would cut spending next year in sub-Saharan Africa’s biggest oil producer, amid concern among investors, the central bank and credit rating agencies about the fiscal largesse that had depleted reserves.   […]