The Nigeria Deposit Insurance Corporation (NDIC) has made a groundbreaking move by significantly raising the maximum deposit insurance coverage for bank depositors. This adjustment, announced on Thursday, marks a substantial increase of 900 percent, raising the coverage from N500,000 to N5...
In a move aimed at strengthening the resilience of Nigeria's banking sector, the Central Bank of Nigeria (CBN) has announced significant increases in the capital base requirements for various categories of banks across the country.
According to a statement released by the CBN's Acting Director...
THE possibility of yet another round of systemic failure in the banking industry, raised recently by the Nigerian Deposit Insurance Corporation, calls for....
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Organised Labour, Thursday, vowed to cripple operations in the banking sector over ongoing mass retrenchment of workers, throwing its weight behind the threat by the Federal Government through the Minister of Labour and Employment, Senator Chris Ngige, to withdraw the licenses of banks that...
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The banking industry is seriously reacting to economic squeeze by downsizing their staff roll in order to survive.
Skye Bank sacked about 175 workers, Diamond bank sacked 200, saying the sacking of the 200 workers was in line with its strategic plan to drive shareholders’ value. while Access...
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