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All posts by Ifreke Inyang

  • NDIC to increase mortgage bank customers’ deposit cover

    The Nigeria Deposit Insurance Corporation on Monday unveiled plans to increase the deposit insurance coverage for customers of Primary Mortgage Banks operating in the country. The Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, dropped the hint in...

    • Posted October 1, 2014
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  • Pensions may be used to guarantee car loans

    The National Automotive Council has said that plans are being made to enable Nigerians to use their pension contributions as guarantees for car loans. The Director of Policy and Planning, NAC, Mr. Mahmud Lukman, said this during...

    • Posted October 1, 2014
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  • Polymer scandal: FG may extradite ex-Mint boss to UK

    The United Kingdom has requested the extradition of a former Managing Director of the Nigerian Security Printing and Minting Company, Mr. Emmanuel Okomoyon, to face prosecution in relation to an alleged scam involving printing of polymer notes....

    • Posted October 1, 2014
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  • Institute of Stockbrokers intensifies financial drive

    The Chartered Institute of Stockbrokers (CIS) is intensifying its financial drive to be able to fund its the ongoing repositioning and re-organisation.the institute to the next level. Speaking at a forum attended mostly by senior stockbrokers in...

    • Posted October 1, 2014
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  • DPR tasks marketers on quality of petroleum products

    The Department of Petroleum Resources (DPR) has charged marketers of petroleum products across the country to ensure that the products they received and distributed to the public met the recommended specification. Speaking at the 2014 annual meeting...

    • Posted September 30, 2014
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  • FG set to implement waivers on VAT, stamp duties in Capital Market

    Strong indications have emerged that    the federal government is set to implement tax waivers and incentives approved by President Goodluck Jonathan to boost capital market activities in 2012. Jonathan had,   through the Coordinating Minister for the Economy...

    • Posted September 30, 2014
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  • World Bank approves $500m for Nigerian SMEs

    The World Bank’s Board of Executive Directors has approved a credit of $500m for Nigeria to increase access to finance by Small and Medium Enterprises. The bank, which disclosed this in a statement made available to our...

    • Posted September 30, 2014
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  • Stakeholders task new Nigerian Stock Exchange Council on advancement

    Stakeholders in the Nigerian capital market have urged the new President of the Nigerian Stock Exchange (NSE), Mr. Aigboje Aig-Imoukhuede and other members of the council to improve on the growth the past council recorded at the...

    • Posted September 30, 2014
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  • Heritage Bank holds Business Exhibition

    Heritage Bank Limited has announced plans to host its maiden business fair to support the small and medium scale enterprises (SMEs) in the country. The two-day exhibition is one of the activities to mark the bank’s 2014...

    • Posted September 30, 2014
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  • CBN releases money transfer guidelines for operators

    The Central Bank of Nigeria has released the guidelines for the operations of inbound and outbound international money transfer services in the country. The 18-page document contains licensing requirements and standard practices, which international money transfer services...

    • Posted September 30, 2014
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