From Ernest Chinwo in Calabar, 07.20.2010 The Nigeria Deposit Insurance Corporation (NDIC) has disclosed its plans to peg depositors refund from failed banks at between N200,000 and N500,000.Managing Director of NDIC, Alhaji Umaru Ibrahim gave the indications at the opening ceremony of a conference in Calabar, Monday, to fine […]
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President Signs AMCON Bill
PRESS RELEASE President Goodluck Jonathan today, Monday, July 1, 2010 at exactly 3.28 pm signed the Asset Management Corporation of Nigeria, (AMCON) Bill into law. The Act provides the legal backing for the establishment of the long-awaited corporation. While signing the bill, President Jonathan stated that the establishment of […]
We Have Been Vindicated On Banks Recapitalization- Renaissance
SUNDAY, 18 JULY 2010 00:00 EDITOR BUSINESS NEWS Professionals Friday’s papers were awash with the news that the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi has, after 12 months of intransigence finally agreed that shareholders of the eight taken over banks can finally recapitalize their banks. This […]
