By Ifeanyi Onuba, Abuja The Nigeria Deposit Insurance Corporation has concluded plans to pay N9.8bn to 731,000 depositors of microfinance banks, whose licences were revoked last September by the Central Bank of Nigeria. The Head, Communication and Public Affairs Unit, NDIC, Mr. Hadi Birchi, who confirmed this to our correspondent […]

By Udeme Ekwere The Nigerian Stock Exchange has said that it will punish errant quoted companies that fail to disclose their financial statements as and when due. According to the NSE, the move became necessary because some companies constantly refuse to update their financial statements thus breaking a cardinal rule […]

By John Ameh The House of Representatives, the Central Bank of Nigeria and other stakeholders in the financial sector have backed the establishment of the Office of the Nigerian Financial Ombudsman. Its duties are mainly to resolve “financial and related disputes in the Nigerian financial services sector and for related […]