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Business & Economy
NDIC starts checking insured Peak Merchant Bank depositors’ accounts
In accordance with its mandate to guarantee deposits and compensate depositors in the event of bank failure, the Nigeria Deposit Insurance Corporation (NDIC) has started to verify…
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Twitter removes legacy verification tick of Tinubu, Peter Obi, Trump, others
Twitter, a microblogging platform, has finally removed the Legacy verification tick from a number of well-known people.
The business had made hints about wanting to market verification…
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Kigali to host Africa Soft Power Summit, next month
Africa Soft Power Summit will hold from May 23 to 27 in Kigali, Rwanda.
The signature event of the Africa Soft Power Group (ASP) offers the largest stage for the continent's creative,…
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Privacy: FG bars loan apps from accessing customers’ photos, contacts
The federal government has declared that with effect from May 31, 2023, loan apps on Play Store will lose their ability to access their users’ contacts or photos, stating that it would…
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FG approves N15bn ICT devices for 2023 census
The Federal Government has approved two contracts worth N15.3bn for the supply and installation of information and communication technology components and digital assistance devices…
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Subsidy removal: FG to disburse $800m to 50m Nigerians as palliative
The federal government has secured the sum of $800 million from the World Bank, as part of its post-subsidy palliative plans.
This was disclosed to state house correspondents on…
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List of eight banks CBN permits to operate internationally, while others operate national, regional…
There are at least 33 banks in Nigeria, according to data from the Central Bank of Nigeria. These banks' operating licenses range; some have national or regional licenses, while others…
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Budgetary Allocations: Senate queries 558MDAs over failure to account for N969bn “intangible…
About 558 ministries, departments, and agencies (MDAs) have been queried by the Senate Public Accounts Committee for failing to account for N969bn “intangible assets” in the 2019…
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World Bank announces Ajay Banga as sole nominee for president
THE World Bank Group’s Board of Executive Directors has announced Ajay Banga, a US national, as the sole nominee for the position of the next President of the bank.
US President, Joe…
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FirstBank changes names of UK, Africa subsidiaries
FIRST Bank of Nigeria Limited has announced a phased corporate name change for its subsidiaries in the United Kingdom and Sub-Saharan Africa.
The bank disclosed this in a statement by…
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