Collapse of Fortis MFB collapse expected-NDIC

Nigeria Deposit Insurance Corporation, NDIC, said the liquidation of Fortis Micro-Finance Bank, MFB, was done after every attempt to save the bank from going under failed.

NDIC denied media reports that it the liquidation process was hurriedly done without prior attempt to salvage the ailing bank before its eventual collapse.

React [...]

DMBs approve loan for ICT, entertainment industries

The Central Bank of Nigeria, CBN, has agreed to provide new credit facility at single-digit interest for the creative sector so as to drive job creation in the sector.

The Bankers Committee of the CBN said the decision to support the creative industry was born out of the conviction that the sector holds the key to job creation, poverty re [...]

US, UK urges support for INEC, peaceful polls

The United States and United Kingdom have both urged Nigerians to be patient and support the Independent National Electoral Commission, INEC, for a successful completion of the electoral process.

Both countries in separate statements in Abuja last Saturday, noted that while Nigerians have the right to be frustrated, the long-term goal of [...]

NCSU special conference passes confidence vote on Amaechi, others

The Special National Delegates Conference, SNDC, of the Nigeria Civil Service Union, NCSU,  has passed a vote of confidence on the leadership of the union led by  Comrade Lawrence Amaechi.

This is contained in a communique jointly signed by the President Comrade Lawrence Amaechi and general secretary Comrade Yahaya Nda [...]

Adewole inaugurates emergency medical treatment committee

The Federal Ministry of Health, has inaugurated an Emergency Medical Treatment Committee and National Emergency Medical Services and Ambulance Scheme to provide an effective and efficient emergency medical services to Nigerians. 

Inaugurating the committee in Abuja, Minister of Health, Prof. Isaac Adewole, said the main mission of th [...]

Be transparent to contributors, ARDS tasks cooperatives

The Agriculture and Rural Development Secretariat, ARDS, has tasked the over 500 cooperative societies in the Federal Capital Territory to be transparent in their operations, improve on the welfare of their cooperators and be accountable to them.

Chief Registrar of Cooperatives under the ARDS, Hajiya Hassana Mohammed, made the call, last [...]

Guber candidate tasks journalists on news sources

Media practitioners in Nigeria have been called upon to always seek news sources rather than wait for the news for balanced and fair reportage. 

This advice was given in Abuja by the All Progressives Grand Alliance, APGA, gubernatorial candidate in Abia state, Chief Chikwe Udensi, when the executive of the Nigeria Association of Wome [...]

Women group insists Buhari, Osinbajo best option

Barring any further hitch to the general elections rescheduled for this weekend, a solidarity group for Buhari-Osinbajo has called on voters to come out and vote massively for the candidates of the All Progressives Congress, APC. 

The women group under the aegis of Noble Women Movement for Buhari/Osinbajo, NWM4BO, said the call has b [...]