Browsing: Nigeria

The Nigerian Deposit Insurance Corporation (NDIC), said it has paid N16 billion in liquidation dividends to depositors, creditors and shareholders of banks in liquidation in the past 20 years.

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in connection with alleged mismanagement of the US$321 million and N18.2 billion loans.

Justice Olukayode Adeniyi of an FCT High Court on Thursday ordered the Economic and Financial Crimea Commission

The joint military task force, “Operation Delta Safe” (OPDS) impounded a vessel, MV Mother Mary I on Sunday, laden with 300,000 litres of illegally refined diesel.

The Senate has passed the 2023 Supplementary Appropriation Bill of N2.17 trillion.

Fitch Ratings has upgraded Ghana’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below.

Mr Charles Eghobamien, the President and Chief Executive Officer, of Sunora Foods, says the company will commit about US$100 million as foreign direct investment in oil palm production and other crops in Edo.

Mr Fife Banks, an entrepreneur has urged Nigerian investors to leverage the opportunities that the United States provides through its Employment Based (EB) platform.

The House of Representatives, says it will investigate the N200 billion expended on the postponed 2023 census by the National Population Commission (NPC).

Africa Finance Corporation (AFC) has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding.