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Financial News

NDIC Pays Over 82% of Insured Deposits to Customers of Heritage Bank

Financial News
The Nigeria Deposit Insurance Corporation (NDIC) has paid about $82.36% of the cumulative insured deposits to Heritage Bank customers. The bank closed after the Central Bank of Nigeria (CBN) revoked its financial license. In a recent public...

Global Stock Markets Tumble, Jeopardizing Nigerian Bank Recapitalization Plans

Financial News
The global stock markets have been trampled by massive sell-offs as recessions ripple through several assets and commodities. Moreover, the Wall Street key indexes plummeted on Monday, August 5, with investors seeking safe-haven alternatives for their...

Six Junior WAEC Students Drown at Mbang River, Kaduna State

Local
An ugly incident occurred on Tuesday at the Mbang River, Kauru local government area of Kaduna State. Six students returning from their junior WAEC exams...

FG Seals $3.5bn Deal with Afreximbank for The Textile Industry and Others

Financial News
The Federal Government has announced a $3.5 billion deal with Afreximbank to improve the textile industry. It will also encourage using Compressed Natural Gas (CNG)...

New FG Scheme Plans to Link Credit Scores to NIN, Aims to Reach 80 Million Nigerians

Financial News
The Federal Government of Nigeria has revealed its plan to take advantage of the NIN in the new FG scheme. The process will allow the...

West African Markets See Surge of Smuggled Nigerian Petrol Selling at N1,700/Litre

Financial News
The Federal Government has cried out about the increased petrol smuggling rate following an immense price hike in neighboring countries. According to the government, petrol...

Financial Experts Foresee Danger Around the Minimum Wage Deliberations

Financial News
According to Lagos industry experts and financial analysts, the minimum wage agitation will make it harder for the country to recover. They emphasized that the...

Fidelity Bank Leads With Highest Traded Volume of Over 600 Million Shares in NGX

Financial News
Fidelity Bank ranks as the most traded stock in the Nigerian Exchange market today, June 11. The bank recorded a turnover volume of 605.257...

Nigeria Receives $925 Million Loan Boost as Naira Weakens

Financial News
The naira has weakened against the dollar and now exchanges 1,500 naira against one USD. This weakness is visible in both official and unofficial...

WAEC Appeals to the NLC to consider Candidates in the Ongoing SSCE

Entertainment
The West African Examination Council (WAEC) has begged organized labor to consider the SSCE exam schedule as they embark on an indefinite strike. According to...

CBN Revokes Heritage Bank’s Operational License for Poor Financial Performance

Financial News
On Monday, June 3, 2024, the Central Bank of Nigeria (CBN) disclosed the revoke of the operating license of Heritage Bank Plc. It mentioned that...

Students of State Institutions Will Also Be Beneficiaries of the Federal Government Loan Scheme

Financial News
The Federal Government of Nigeria has said that not only FG institutions can partake in the student loan scheme. The students of state institutions can...

US Maps Out Almost $176 Million for Humanitarian Aid for West Africa

Financial News
The United States has announced its offer of almost $176 million in additional humanitarian aid for some West African countries. The information came through a...

Nigerian Government Plans to Generate N2 Trillion Annual Revenue From Blue Economy by 2027

Financial News
FG plans to hit N2 trillion annual revenue by 2027 from the blue economy. Adegboyega Oyetola, the Minister of Marine and Blue Economy...
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