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 […]

  PRESS RELEASE President Goodluck Jonathan today, Monday, July 1, 2010 at exactly 3.28 pm signed the Asset Management Corporation of Nigeria, (AMCON) Bill into law. The Act provides the legal backing for the establishment of the long-awaited corporation. While signing the bill, President Jonathan stated that the establishment of […]

June 21, 2010 By Omoh Gabriel Business Editor The new requirement by financial regulators across the globe as a result of the impact of the global financial crisis on economies is generating heated debate and controversies. Specifically the requirement that bank loans be measured on the balance sheet at fair […]