The Nigeria Deposit Insurance Corporation has paid N90.13 billion to depositors of the 48 deposit money banks in-liquidation in the country as at December 31, 2012. The Managing Director/Chief Executive Officer of NDIC, Alhaji Umaru Ibrahim disclosed this Friday in Benin City, Edo State, during an address he delivered on […]
Tag: Nigeria
Bankers’ Committee to investigate excess bank charges
The Bankers Committee of the Central Bank of Nigeria on Tuesday said it would investigate alleged excessive charges imposed on customers by Deposit Money Banks. The committee pointed out that by the recent directives of the central bank, which was meant to streamline bank charges, customers were supposed to enjoy […]
Nigerian Naira Falls 1st Time in 5 Days on Demand Before Auction
Nigeria’s naira retreated for the first time in five days as as demand for dollars increased before the central bank’s first foreign-exchange auction of the week. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 157.60 per dollar as of 12:36 p.m. in Lagos, the commercial capital, its […]
