Tag: News

CBN to mop up dormant account balances, unclaimed funds

CBN Directs Banks to Lift Restrictions on 440 Accounts

The Central Bank of Nigeria (CBN), yesterday ordered banks to vacate a Post-No-Debit (PND) restriction earlier imposed on bank accounts of 440 individuals and companies. This was just as the CBN yesterday communicated to banks that it would resume the enforcement of the Loan-to-Deposit Ratio (LDR) policy effective July 31, ...

ECOWAS Moves to Restore Democratic Order in Niger

ECOWAS Moves to Restore Democratic Order in Niger

The Economic Community of West African States (ECOWAS) has taken immediate step to restore democratic order in Niger Republic by dispatching the President of Benin, Patrice Talon, on intervention mission to the troubled nation. There had been reports early on Wednesday morning from Niamey, the Nigerien capital, that the nation’s ...

Senate Confirms Nominations of NEDC Board

Senate Confirms Nominations of NEDC Board

Senate has confirmed President Bola Tinubu’s nominations for appointments as members of the Board of the North-East Development Commission (NEDC). The confirmation is sequel to the screening of the nominees at plenary on Wednesday. Those confirmed are: Gen. Paul Tarfa, Chairman for re-appointment (North-east Adamawa); Gambo Maikomo member (North-east Taraba), ...

Innoson withdraws N3 million scholarship awarded to Mmesoma

Innoson withdraws N3 million scholarship awarded to Mmesoma

The management of Innoson Automobile Company, has withdrawn the N3 million scholarship awarded to Miss Mmesoma Ejikeme over her involvement in Joint Admissions and Matriculation Board (JAMB) result manipulation. This is contained in a statement signed by Mr Cornel Osigwe, Head of Corporate Communications at Innoson Group, and made available ...

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