NDIC WINS N1.4BN DEBT RECOVERY CASE AGAINST DEBTOR OF DEFUNCT GULF BANK
Paschal Emeka, Abuja In its capacity as official liquidator, the Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors who owed the defunct Gulf Bank Plc the sum of N1.4bn. In a debt recovery suit Number: FHC/L/CS/1328/17 – NDIC (Gulf Bank) vs. Jolimair Nigeria Limited & 3 […]
CBN: Public Enlightenment is it
Central Bank of Nigeria (CBN) continued its sensitization program across the nation to the banking public based on their rights as customers of financial institution, and its various intervention policies targeted at stimulating economic growth and wellbeing of the Nigerian citizen. This time it was the turn of Lagos banking customers. By Paschal Emeka This is […]
Nigeria: FG’s Budget of Recovery and Growth
…Can it salvage the economy? The government said the budget reflects fiscal plan to restore the economy to the path of sustainable and inclusive growth, the specific goals and targets of which are set out in the 2017 – 2020 Economic Recovery and Growth Plan (ERGP) and assured that In the months ahead, it will work […]
Nigeria/China Relations: The need to balance gains for parties
The diplomatic relations between Nigeria and China dates back to 1971. But the civilian government of former President Olusegun Obasanjo revived and strengthened it. Since then the growing influence of China in Africa and by extension Nigeria has grown in leap and bounds. How then can Nigeria and Africa benefit from it; find out in […]
Abuja Set to Export Shea Butter
Abuja Enterprise Agency (AEA) of the Federal Capital Territory Administration has unveil plans to export Shea butter through its rural community development programme of One Village One Product (OVOP) project in Rimba and Nuku communities in Abaji area council. The managing director of AEA, Arabi Mohammed Tukur explained that the FCT administration is working with […]