The Nigeria Deposit Insurance Corporation has paid N90.13 billion to depositors of the 48 deposit money banks in-liquidation in the country as at December 31, 2012. The Managing Director/Chief Executive Officer of NDIC, Alhaji Umaru Ibrahim disclosed this Friday in Benin City, Edo State, during an address he delivered on […]
World News
Jaiz Bank appoints Usman as acting MD
Jaiz Bank Plc has announced the appointment of Mr. Hassan Usman as its Acting Managing Director. The appointment, according to a statement issued on Wednesday by the bank, followed the resignation of the erstwhile Managing Director, Muhammed Bintube, after almost 10 years of service. Prior to his appointment, Usman was […]
Naira Strengthens as Central Bank Sells Most Dollars in 9 Months
The naira reached the highest in more than five weeks after the Central Bank of Nigeria sold the most dollars in nine months at auctions this week. The currency of Africa’s biggest crude producer gained for the first time this week, adding 0.2 percent to 157.40 per dollar by 3:06 […]
