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 […]
World News
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 […]
CBN reviews airline intervention fund guidelines
The Central Bank of Nigeria on Thursday issued a revised guideline for accessing the Federal Government’s N300bn Power and Airline Intervention Fund. The bank, in a circular posted on its website, said, “In a bid to catalyse financing of the real sector of the Nigerian economy, the CBN has, in […]
