Economy
Banking & Finance Economy Insurance

NDIC begins verification of depositors of failed bank

The Nigeria Deposit Insurance Corporation (NDIC) has begun verification of insured depositors of Peak Merchant Bank in-liquidation. This is with a view to paying their insured sums. Such payment is in line with the corporation’s mandate of deposit guaranty and reimbursement of depositors following a bank failure. Bashir Nuhu, NDIC Director of Communication and Public […]

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Business General

Nigeria’s cinema records N441m revenue in March

The Cinema Exhibitors Association of Nigeria (CEAN) says it generated N441 million from tickets sold across the country in March. The National Chairman of CEAN, Mr Opeyemi Ajayi, announced in a chat with newsmen in Lagos. Ajayi said the total admission of viewers into cinemas across the federation, for the period under review Is 174,071. […]

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Business Economy

Ramadan: Ice block vendors make brisk sales in Kano

Ice block sellers are making brisk business in Kano, due to the high demand for cold water, occasioned by the hot weather condition. The prevailing hot weather condition, coupled with the epileptic power supply and the Ramadan fast, all combined to create a high demand for cold water by residents. Further checks by a correspondent […]

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Economy Insurance

Insurance assets hit N2.3bn in q4, 2022

The total assets of the insurance industry stood at N2.33 billion in the fourth quarter of 2022, Statistics Department Quarterly Report of the Insurance Market stated. A bulletin of Insurance Market Performance, released by the National Insurance Commission (NAICOM) published the report, on Thursday in Lagos. The figure represents positive growth signifying expansion at the […]

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Business Economy National

Customers praise POS operator for low withdrawal charges

From Abdulfatah Babatunde, Akure A Point-of-Sale (POS) cash transaction operator in Akure, Ondo State, Mr Waheed Adéyemí has endeared himself to hundreds of cash-trapped residents by charging a low withdrawal commission. The NewsZenith reports that hundreds of residents troop to Adeyemi’s shop on Awule road, Akure to withdraw money. They were praising Adéyemí for charging […]

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Economy Features/Opinion

Coca-Cola: Creating Shared Future Through Women Economic Empowerment

‘Equality is not just the right thing to do, it is smart economics. No society can ever truly flourish if it stifles the potential of its women and deprives itself of the contribution of half its citizens.’ At Coca-Cola, we know that women are not only essential to building thriving communities – we truly believe […]

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Agriculture Economy

Ecobank, IITA to support 16,000 youths on agriculture

Ecobank Nigeria Limited is partnering with the International Institute of Tropical Agriculture (IITA) to support 16,000 Nigerian youths in wealth creation through agriculture. The partnership will also train the beneficiary Nigerians between the ages of 18 to 40 years. The training will cover key areas like poultry, aquaculture, horticulture and value addition. Ms Ayo Osolake, […]

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Banking & Finance Economy

CBN directs banks to dispense, receive old notes

The Central Bank of Nigeria (CBN) has directed commercial banks to start disbursing and receiving old naira notes in compliance with the Supreme Court’s directive. The Apex bank issued the directive, on Sunday night, after a meeting of the Bankers Committee. Godwin Emefiele, CBN Governor chaired the meeting. Gov Chukwumeka Soludo of Anambra State confirmed […]

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Agriculture Banking & Finance

Anchor Borrower: CBN records 52% repayment

The Central Bank of Nigeria (CBN) says it recorded N503 billion in repayment of loans under its Anchor Borrowers’ Programme (ABP), representing 52.39 per cent. Acting Director of Corporate Communications Department, Dr AbdulMumin Isa, announced this in a statement in Abuja on Monday. Isa said that the apex bank remained committed to its developmental mandate […]

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Economy Oil & Gas

Petrol: NNPC advises against panic buying

The Nigerian National Petroleum Company Limited says it has about 2.1 billion litres of petrol in stock. It, therefore, advised Nigerians against panic buying as it has an adequate supply for now. The company gave the assurance in a statement by its Chief Corporate Communications Officer, Garba-Deen Muhammad. It stated that the 2.1 billion litres […]

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