October 3, 2023/NDIC Following impressive recoveries from debtors of liquidated banks, the Nigeria Deposit Insurance Corporation (NDIC) has announced declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. To this end, the Corporation has commenced verification and payment of stakeholders covered by the declarations […]
Money Market
AFC Secures $300 Million Loan from CEXIM to Boost Trade Finance in Africa
The loan will provide critical financing to support trade finance and investment in Africa, further facilitating the flow of goods and services between Africa and China September 26, 2023/AFC Africa Finance Corporation, the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan […]
Cardoso Assumes Duty as Acting CBN Governor, Ikeazor Others Deputy Governors Designate
September 22, 2023/CBN Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate. This follows the resignation of Mr. Godwin […]
