Regulators - Page 10

Old Naira Notes Still Valid,CBN Insists

The Central Bank of Nigeria (CBN) has again clarified that the old N1000, N500, and N200 banknotes,are still valid. Mrs. Sidi Ali Hakama,Acting Director,Corporate Communications,clarified this in a statement made available to

December 14, 2024

by Mohammed Shosanya

Liquidation: NDIC Adopts New Reporting Template To Fast-Track Claims

The Nigeria Deposit Insurance Corporation (NDIC) has deployed a single customer view (SCV) reporting template to microfinance and primary mortgage banks to reduce the turnaround time in the settlement of their depositors

February 9, 2023

NAICOM·Regulators

Retirees Hail PenCom Over Reforms In Industry

Concerned Retirees and Prospective Pensioners in Nigeria on Tuesday commended the National Pension Commission (PenCom) over its numerous reforms in the pension industry. They also commended PenCom for the newly launched edition

January 11, 2023

PENCOM·Regulators

SEC Tightens Noose On Illegal Market Operators

By Tunde Sholanke The Securities and Exchange Commission, has assured Nigerians of a renewed onslaught against illegal operators in the country’s capital market. It also said that the persisted proliferation of

January 5, 2023

Regulators·SEC

The Securities and Exchange Commission (SEC),has blacklisted Italian e-commerce companies in the country.

The regulator,in a statement warned Nigerian investing public to desist from dealing with blacklisted foreign companies. The four companies are; Tetris Group Limited, Broker Capitals Limited, MTinvesting and NBIMarkets. The warning

December 27, 2022

Regulators·SEC

NDIC Settles 248 Complaints, Recovers N8.3bn From Banks

The Nigeria Deposit Insurance Corporation (NDIC), resolved 248 complaints from its prospective depositors and recovered over N8.3 billion from their respective banks. Its Managing Director, Mr. Bello Hassan, disclosed this at the

December 12, 2022

NAICOM·Regulators·SEC

NDIC Assures Of Safety Of Depositors’ Funds

The Nigeria Deposit Insurance Corporation (NDIC) has assured bank depositors of the safety of their monies in banks even in unlikely event of bank failure. Dr Kabiru Katata, Director, Research Policy and

November 29, 2022

NAICOM·Regulators

Fund Managers Withholding Clients’ Funds Risk Sanction -SEC

Fund managers who still in the habit of holding on to clients funds and securities should desist from the act or face the wrath of the Securities and Exchange Commission,SEC,its Director General,has

November 28, 2022

Regulators·SEC

Commodities Exchanges Must Protect Investors-SEC

The Securities and Exchange Commission has implored commodities exchanges in the country to have investor protection at the centre of their operations in a bid improve investor confidence and attract more investors.

November 17, 2022

Regulators·SEC

NDIC Deepens Roles In Driving Financial Inclusion

The Nigeria Deposit Insurance Corporation (NDIC) is playing a preeminent role in contributing to the objectives of the National Financial Inclusion Strategy (NFIS) through the provision of deposit insurance coverage to depositors

November 16, 2022

NAICOM·Regulators

Claims Settlement: NDIC Invites Depositors Of 20 Liquidated Banks

The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has implored depositors, creditors and shareholders of 20 liquidated banks to avail themselves of its verification platforms to claim their funds.

November 9, 2022

NAICOM·Regulators

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