Money market

CBN blames hoarding for scarcity

The Central Bank of Nigeria (CBN) has attributed hoarding of the new Naira notes as being responsible for its scarcity, and not that small quantity was issued out. The CBN Director, Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday…

NDIC donates administrative block to school in Kwara

The Nigeria Deposit Insurance Corporation (NDIC), has inaugurated an administrative block built, furnished and donated to Government Secondary School, Ballah in Asa Local Government Area of Kwara. The Managing Director of NDIC, Mr Bello Hassan, when inaugurating the project on…

Bank workers threaten to shut down over attacks

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to withdraw the services of its members nationwide, following attacks on some commercial bank premises. It also said that it would not stop the withdrawal until the…