Tag: CBN

Nigeria’s Communication Minister Visits ntel, Commends Huge Investments

25/4/2016/ntel NatCom Development and Investment Limited (trading as ‘ntel’), the company that acquired the core assets of NiTel/MTel (in liquidation) played host to Barrister Adebayo Shittu, the honourable Minister of Communication at their Tier III data center in Lagos on Monday April 25, 2016. The minister who was accompanied by […]

Nigeria’s FOREX Inflow through CBN Fell 1.6% in Nov’ 13

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foreign exchange (FOREX) inflow through its central bank for November 2013 fell by 1.6 percent (1.6%) compared to the previous month, the economic report November 2013 released by the central bank of Nigeria (CBN) said. The report said forex inflow and outflow in the […]

NDIC to Advance Insured Deposits Pending Claims Processing

The Nigeria Deposit Insurance Corporation (NDIC) is considering an advance payment of insured deposits once the licence of any insured institution is withdrawn by Central Bank of Nigeria (CBN). This initiative was disclosed by the NDIC Managing Director/Chief Executive, Alhaji Umaru Ibrahim last Monday when he received the Chairman and […]