World News

Four banks disburse $71m cabotage fund

  Thursday, 30 September 2010 By David Ogah   SHIPPING companies that applied for vessel acquisition loans under the nation’s Cabotage Vessel Financing Fund (CVFF) may soon access the facility as the Nigerian Maritime Administration and Safety Agency (NIMASA) had already transferred $71 million (N11.06 billion) to four commercial banks […]

NDIC to Peg Depositors Refund

  From Ernest Chinwo in Calabar, 07.20.2010 The Nigeria Deposit Insurance Corporation (NDIC) has disclosed its plans to peg depositors refund from failed banks at between N200,000 and N500,000.Managing Director of NDIC, Alhaji Umaru Ibrahim gave the indications at the opening ceremony of a conference in Calabar, Monday, to fine […]

NDIC to Peg Depositors Refund

  From Ernest Chinwo in Calabar, 07.20.2010 The Nigeria Deposit Insurance Corporation (NDIC) has disclosed its plans to peg depositors refund from failed banks at between N200,000 and N500,000.Managing Director of NDIC, Alhaji Umaru Ibrahim gave the indications at the opening ceremony of a conference in Calabar, Monday, to fine […]