By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said Friday it has delisted a total of 913,907,131 units of ordinary shares of 50 kobo each belonging to Wema Bank Plc The Exchange said the shares represented the unpaid portion allotted to SW8 Investment Limited in May 2009 now reversed in […]
Tag: Central Bank of Nigeria
NDIC warns against illegal deposit collectors
March 4, 2016 By Maryam Ahmadu-Suka, The Nigeria Deposit Insurance Corporation (NDIC) has advised members of the public to stop patronising cooperative societies used by unscrupulous elements to engage in-illegal collection of deposits and defrauding of unsuspecting members of the public. The Managing Director of NDIC, Alhaji Umaru Ibrahim, who […]
$20bn idle in Nigerians’ domiciliary accounts –CBN
March 4, 2016 By Sunday Aborisade The Central Bank of Nigeria on Thursday raised the alarm that about $20bn (N3.94tn) was lying idle in different domiciliary accounts of the citizens. The Deputy Governor, Financial System Surveillance, CBN, Dr. Joseph Nnana, stated this during a meeting of the Joint Appropriation Committees […]
