The Central Bank of Nigeria (CBN) has extended the deadlines issued to Microfinance banks (MfBs) to comply with its revised minimum capital requirements. This was contained in a circular issued to all microfinance banks on April 29, 2020, and signed by the CBN’s Director, Financial Policy and Regulation Department, Kevin Amugo. In the circular, the […]
To ensure for full compliance of its recapitalisation policy, the National Insurance Commission (NAICOM) has resolved to collaborate with relevant security agencies, Acting Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Sunday Thomas has said. He said the collaboration will spend across security agencies both at federal, state and local government to ensure […]
Sets to privatize Afam Power plant, NIPOST, 4 other in 2018 Not less than a whopping N2.8 trillion or $7.8 billion has been generated by the Bureau of Public Enterprises (BPE) from privatization of 53 enterprises in the last 18 years. The Bureau also, unveiled plans to privatize and concession six federal government’s enterprises in […]