25 results
- 16 Dec 2025
CBN Revokes Licences of Aso, Union Homes Mortgage Banks Over Regulatory Breaches
Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory breaches that undermined the safety…
- 16 Dec 2025
CBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
Nigeria’s banking regulators have moved to shut down two mortgage lenders after prolonged financial distress, as authorities intensify efforts to enforce capital discipline and restore confidence in…
- 22 Jul 2026
NDIC Begins Payment to Depositors of 46 Failed Microfinance Banks
Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. Mr Thompson Sunday, managing director and chief executive,…
- 1 Jan 2020
NSE Lifts Suspension on Omatek Ventures after 2 Years
Nigerian Stock Exchange (NSE) has lifted suspension on trading in the shares of Omatek Ventures Plc as the troubled computer firm continues efforts to stabilise its operations and governance…
- 6 Jul 2017
NSE Axes Omatek, 16 Others over Corporate Failures
Nigerian Stock Exchange (NSE) has suspended trading on the shares of Omatek Ventures and 16 companies over their failures to uphold best corporate governance practices and submit their accounts and…
- 8 Jul 2020
Buyer Beware: NSE Issues Caveat on 13 Companies
Nigerian Stock Exchange (NSE) has warned investors to be wary when dealing with shares of 13 companies after they failed to meet regulatory deadlines for the submission of their financial statements…
- 16 Jun 2019
NSE Raises Red Flag on 34 Firms, Issues Caveat
Nigerian Stock Exchange (NSE) has placed cautionary red alerts on 34 companies for their inability to meet listing requirements, implying underlying corporate governance weaknesses that investors…
- 23 Nov 2018
Senate Expresses Commitment to Speedy Amendment of NDIC Act
The Senate Committee on Banking, Insurance and Other Financial Institutions has expressed a strong Commitment for the accelerated amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act,…
- 27 Mar 2026
NDIC Insures 99 Percent of Bank Customers
Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to protecting depositors and sustaining confidence in the nation’s banking system, declaring that its insurance framework…
- 9 Feb 2026
NDIC Says No Customer Loses Deposits in Failed Banks
Nigeria Insurance Deposit Corporation (NDIC) has guaranteed customers of insured commercial banks prompt recovery of their deposits in the event of risk liability or liquidation. In addition, the…
- 12 Feb 2026
NDIC Moves to Boost Customers’ Confidence in Nigerian Banks
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to safeguarding the nation’s financial system, announcing that its recent upward review of the maximum deposit insurance…
- 10 Jul 2022
ASUU Strike: Electricity and Rail Workers to Down Tools
Nigerians may be thrown into blackout and experience disruption in rail service nationwide in the coming days, if the Federal Government remains adamant towards the demands of the striking unions in…
- 19 Apr 2014
'Super Tax' Slows Remittances, Development in Nigeria, Others
Africans face the highest remittance fees globally, regularly paying a "super tax" to send money home at a cost that hurts families and holds back development in the world's poorest continent, a…
- 19 Mar 2019
Google Announces Launchpad Accelerator Africa Class 3
Google has announced third Launchpad Accelerator Africa class as part of its ongoing efforts to support entrepreneurship on the continent. This third class, which starts on 1 April 2019,…
- 9 Sept 2014
GE Demos Role of Industrial Internet to Customers, Stakeholders
As part of efforts to create more awareness on how the Industrial internet helps speed up industrialisation, General Electric (GE) a global technology and infrastructure leader, held a forum for…
- 9 Oct 2023
Union Threatens to Picket Heritage Bank over Sack of Workers
Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has threatened to deploy all networks to mobilise affiliate trade unions and workers to picket Heritage Bank’s…
- 24 Sept 2024
LG Leads the Way with Energy-Efficient Home Appliance Product @ IFA 2024
At IFA 2024, LG Electronics launched its latest range of energy-efficient home appliances, designed to reduce power consumption and address Africa's unique energy challenges. In line with the global…
- 3 Sept 2015
Osinbajo Richer than Buhari, Own Houses in Lagos, UK
Yemi Osinbajo (SAN), Vice President of Nigeria is way richer than the President of Nigeria, Muhammadu Buhari whose liquid worth is put at less than N30 million as at 29 May, 2015. Buhari on the other…
- 25 Oct 2016
Wi-Pay Secures Intl Money Transfer Operations Approval from CBN
Wi-Pay has announced it has been granted an approval-in-principle by the Central Bank of Nigeria (CBN) for international money transfer operations (IMTO). In the letter received from the CBN and…
- 16 Oct 2019
NCC Planning Sensitisation for Nigerian Child on Safe Use of Internet - Danbatta
Prof. Umar Danbatta, executive vice chairman (EVC), Nigerian Communications Commission (NCC), has said that the Commission is coming up with an awareness project which is aimed at sensitising the…
- 17 May 2016
Eaton, Nissan Partner on Energy Storage Technology
Power management company Eaton, in partnership with Automotive manufacturer Nissan, have introduced the xStorage, a stationary energy storage and control centre technology used either in the home, in…
- 3 Aug 2022
7 Must-Watch Programmes to Catch up on this Week on GOtv
The month comes with a fresh start and an opportunity to plan new goals, leave your comfort zone, and try new activities. As the home of non-stop entertainment, GOtv will be providing its customers…
- 24 May 2023
13 Ways to Celebrate Africa Day
Every year on May 25th, the world comes together to celebrate Africa Day, a commemoration of the foundation of the Organisation of African Unity, now known as the African Union, and the diverse…
- 18 Feb 2015
Philips Backs Action to Save 98% Energy From Wastages
The ‘2015 Energy Productivity and Economic Prosperity Index’ launched on Tuesday revealed the huge potential for societies to raise economic performance and extend significant environmental and…
- 13 Nov 2014
MTN Woos 219m Customers to “United Against Ebola” Initiative
MTN Group has invited its over 219 million customers across Africa and the Middle East to join hands with the company in a 3-month campaign, starting 1 December, to raise funds for a “United Against…