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Local

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...

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 drowned at 5:30 pm in the river. Moreover, the victims were all teenagers. The...

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...

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...

Minimum Wage: FG’s N48,000 Proposal Makes No Sense – TUC

Financial News
The federal government proposed to make N48,000 the new minimum wage to the dismay of the Trade Union Congress (TUC). The Trade Union congress...

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