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In furtherance of its sustained efforts to offset housing deficit in the country, the Federal Government has launched a N13 billion Federal Civil Servants Mortgage Refinancing Scheme by the Nigeria Mortgage Refinance Company Plc (NMRC). Speaking at the launch event, the Minister of Finance, Mrs. Kemi Adeosun, said that the ...

The Director Research, Policy and International Relations Department, Nigeria Deposit Insurance Corporation, NDIC, Mr. Yayangida Umar, has described the current state of Nigeria’s economy which its critical sectors are dominated by foreigners as unhealthy for the country. Umar explained that no country can experience real growth when its economy had ...

As the lifespan of the Assets Management Company of Nigeria (AMCON) draws closer to its end, financial industry regulators are putting heads together to introduce a new private sector driven bad bank which will replace it. According to the Managing Director and Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), ...

To the Group Managing Director/Chief Executive Officer of UAC Nigeria PLC (UACN), Mr. Larry Ephraim Ettah, Nigeria’s recession is structural. So, to get out of it, he says, the government must encourage growth because recession means negative growth. Ettah, who presides over the Nigeria Employers Consultative Association (NECA), says foreign ...

A‘WAR’ is brewing between the Association of Registered Insurance Agents of Nigeria (ARIAN) and the Chartered Insurance Institute of Nigeria (CIIN) over the agency fee charged by the  institute. The disagreement arose from the longstanding issue of the N12, 500 to be paid by applicants to get the CIIN proficiency ...

The Ford Explorer has been named Luxury Car of the year at the World Marketing Awards, reinforcing its status as a segment-defining model in the SUV vehicle sector. The award was accepted by the marketing team of Coscharis Motors, the sole authorised Ford dealer in Nigeria, at the prestigious Marketing ...

Many people who hear that the National Development Bank of Nigeria (NDBN) is to be set up to provide low-cost loans to SMEs scratch or shake their heads, wondering what has happened. Although, some Development Finance Institutions are said to be in the red and are non-performing, some stakeholders go ...

Nigeria Union of Teachers, Niger State Social Security Scheme, Endwell Micro Finance bank has posted N85.62 million profit with three years, climbing the ladder of the most formidable Micro finance bank in Nigeria. Addressing a news conference Preceding the Annual General meeting  in Minna, the chairman of the board of ...

92 Civil Society Organisations (CSOs) have threatened to besiege the National Assembly should the Senate fail to tender an unreserved apology to the Secretary to the Federal Government (SGF), Babachir Lawal, within 48 hours adding that they will not allow the image of “iconic leaders to be dragged to the ...

ABU Dhabi’s Etihad Airways, citing “an increasingly competitive landscape,” says it is making an unspecified number of lay-offs.