By Ifeanyi Onuba, Abuja Wednesday, 9 Feb 2011                                                                             Worried by the spate of insecurity across the country, the Nigeria Deposit Insurance Corporation on Tuesday took a bold step towards securing its assets and documents. The NDIC Acting Managing Director, Alh Umaru Ibrahim disclosed this in Abuja while declaring open a security […]
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Banks make fresh moves to divest from non-banking subsidiaries
By Ademola Alawiye Wednesday, 9 Feb 2011 Indications have emerged that some Deposit Money Banks that have not complied with the Central Bank of Nigeria’s directive on divestment from non-banking subsidiaries under the new banking regime to have started fresh moves to comply. Our correspondent gathered from a source at the […]
ATM guidelines: CBN introduces stiff penalties for errant operators
By Stanley Opara Wednesday, 9 Feb 2011 The Central Bank of Nigeria said on Tuesday that it had observed the lack of cooperation and deliberate attempt by some players in the electronic payment market to frustrate the policy of offsite Automated Teller Machines for deposit money banks. The apex bank said […]

