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Nigerian banks pay the NDIC N166.4 billion as a premium for deposit insurance in 2023
The Nigerian Deposit Insurance Corporation (NDIC) received a payment of N166.4 billion from nine publicly traded commercial banks in 2023 as deposit insurance premiums,...
Airtel Africa Sets N1,485.99 Exchange Rate for Final Dividend, Totaling N276 Billion in 2023
The exchange rate for Airtel Africa's 2023 final dividend has been set at N1485.99 per dollar.
The company declared earlier in the year that the...
First Bank recovers N456 billion loan from Heritage Bank prior to license revocation
The News Chronicles can confirm that First Bank has received full repayment of an N456 billion loan extended to Heritage Bank. This recovery represents...
CNG effort to reduce yearly spending on gasoline imports by $4.4 billion – FG
The federal government anticipates that the country's yearly fuel import expenditures will be reduced by at least $4.4 billion if its compressed natural gas...
Nigeria’s tech development fund receives N33.7 billion in contributions from ten banks in 2023
In 2023, ten Nigerian commercial banks made contributions to the Nigeria Information Technology Development Fund (NITDEF) totaling N33.7 billion.
The contribution, which is a component...
