Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said the corporation in September, declared 100 per cent liquidation dividend in 20 institutions. The dividends were in respect of the 49 Deposit Money Banks (DMBs) in-liquidation. Hassan made the disclosure at 2022 NDIC workshop, organised for the Finance Correspondents Association of Nigeria (FICAN) and Business Editors, on Monday in Port Harcourt. He said that the corporation had realised enough funds from its assets to fully pay all depositors of the listed banks. The three-day workshop, which was its 19th edition, had “Boosting Depositors Confidence Amidst Emerging Issues and Challenges…
Author: Abdallah el-Kurebe
“The NADF will be funded with 0.5% derivation from natural development resources fund and 5% of the duty levied on import rice, wheat, sugar, milk, poultry and fish” President Muhammadu Buhari has signed the National Agricultural Development Fund (NADF) bill into law. This is contained in an official gazette Number 192 and volume 109 of the Federal Republic of Nigeria published in October 30, 2022 and certified by the clerk of the National Assembly (NASS), Mr. O.A Ojo. The NADF will be funded with 0.5% derivation from natural development resources fund and 5% of the duty levied on import rice,…
By Abdallah el-Kurebe “The Forum following its advocacy that the proposed privatization of Ten (10) National Integrated Power Projects (NIPPs) by the Federal Government of Nigeria (FGN) should be stopped, instructed its lawyers to approach the Federal High Court which at present has issued a Court Order restraining all the parties in the suit from taking any step or action that will make or render the outcome of the Motion on Notice seeking for Interlocutory Injunction nugatory” The Nigerian Governors Forum (NGF) says it has instructed its lawyers to approach the Federal High Court to ensure the stoppage of the…
President Muhammadu Buhari says the government appreciates the strong impact of financial inclusion on economic growth and development. Speaking at the maiden edition of the International Financial Inclusion Conference in Abuja on Thursday, Buhari said his government had provided the enabling policy environment for the initiative to yield expected results. The president’s speech was delivered by Muhammad Bello, Minister of the Federal Capital Territory (FCT). According to Buhari, various intervention programmes of the Federal Government, through the Central Bank of Nigeria were meant to boost financial inclusion. “At the onset of my administration we developed a blueprint for economic growth…
The Minister of Women Affairs, Pauline Tallen says over 11,053 cases of gender based violence have been reported across the country, with only 33 convictions. Minister of Women Affairs, Pauline Tallen, disclosed this at the weekly ministerial briefing organised by the Presidential Communications Team, on Thursday in Abuja. She said the world must unite in the fight against discrimination and violence against women. According to her, the ministry also frowns at gender based violence against women, stressing that the women should be respected and honoured by their husbands and the society. “We have a total of 11,053 cases of gender…
The All Progressives Congress (APC) says it is committed to transmission of 2023 election results electronically by the Independent National Electoral Commission (INEC) contrary to some media reports. Mr Felix Morka, APC National Publicity Secretary said this on Thursday in Abuja while speaking with newsmen at the party’s national secretariat. Morka was reacting to media reports that the party was opposed to the deployment of the Bimodal Voter Accreditation System (BVAS) and the Results Viewing Portal (IReV) for 2023 general election. He said that the APC National Chairman, Sen. Abdullahi Adamu was grossly misquoted on the deployment of BVAS and…
Cristiano Ronaldo drew a line under a tumultuous tournament build-up as he wrote his name in the record books to become the first player to score in five World Cups in a 3-2 victory for Portugal over Ghana on Thursday. Ronaldo drilled home a penalty in the 65th minute of the Group H encounter to set his side on their way and Andre Ayew equalised for Ghana in the 73rd minute. Portugal turned on the afterburners with two quick-fire goals to effectively seal the deal at Stadium 974. Joao Felix produced a delicate finish to give them the lead and…
“We will make sure that in our programme, I’ve promised that I’ll set aside $10 billion to make sure that youths are catered for in micro, small and medium enterprises to empower them and to make sure that they are gainfully employed so they can have a decent living” Former Vice-President Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) says he plans to set aside $10 billion for youth empowerment schemes to tackle youth unemployment in the country. Speaking at the launch of the PDP North Central campaign in Ilorin on Thursday, Atiku said that the money…
“There is no difference between my book and CAN’s presentation” The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has praised the strategy document the Christian Association of Nigeria (CAN), ‘Policy Roadmap for a Future Nigeria’, saying he totally believes in it. Atiku who made this known when he spoke at a parley with the leadership of CAN in Abuja on Tuesday, said there is no difference between the document and his position, as contained in his policy document and a book he had written. “I have listened to the presentation of CAN document and I can tell…
The Appeal Court in Yola, Adamawa, has declared Sen. Aishatu Binani as the All Progressives Congress (APC) governorship candidate in the state. The court presided over by Justices Tani Hassan, Mistura Bolaji-Yusuf and James Abundaga respectively set aside the judgment of a Federal High Court which nullified the governorship primary and declared that APC has no candidate for the 2023 governorship election. The justices ordered that the name of Binani be submitted to the Independent National Electoral Commission (INEC) as the flag bearer for the election On October 14, a Federal High court sitting in Yola, had nullified the governorship…