7/3/2017/Thisday By Damilola Oyedele in AbujaThe Nigeria Deposit Insurance Corporation (NDIC) has said insider loans, which constitute a higher percentage of non- performing loans in the industry, have negatively affected the sector. This is as the agency called for the enactment of legislation to prohibit insider loans, such as bank […]
Updates
Nigeria to open up government airports to private investment
6/3/2017/Reuters Nigeria will open up its government-owned airports to private investment, the minister of aviation said on Monday, as the capital’s airport prepares to close for repairs after years of neglect. All government-owned airports will be offered to investors who have “the wherewithal, the know-how, the technology, the capacity, the ability, […]
Reps seek to warehouse dormant accounts in CBN
7/3/2017/Punch John Ameh, Abuja The House of Representatives moved on Monday to contain abuse of depositors’ dormant accounts by commercial banks in the country. Amendments to the Banks and Other Financial Institutions Act, 2004 have been proposed to stop the trend by empowering the Central Bank of Nigeria to assume […]
