NAN, VON, NTA, FRCN to begin sports coverage soon -Information Minister

The Minister of Information and National Orientation, Alhaji Mohammed Idris, says, the four major media organisations under his ministry would soon begin holistic coverage of major sporting activities in the country. The media organisations, according to the Minister includes: News Agency of Nigeria (NAN), Voice of Nigeria (VON), Nigerian Television of Authority (NTA), and Federal…

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NDIC Raises Deposit Insurance coverage from N500,000 to N5m

The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant increase in the maximum deposit insurance coverage levels for Deposit Money Banks (DMBs) and other financial institutions, effective immediately. During a press conference in Abuja on Thursday, NDIC Managing Director Bello Hassan disclosed, “For Deposit Money Banks, the increase of the maximum deposit insurance coverage…

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Regulatory Directives : Nigerian banks closed 2.021 mln accounts in Q1’24 to streamline operations

Commercial banks in Nigeria have reported the closure of 2.021 million bank accounts in the first quarter of 2024 to streamline operations and adhere to regulatory directives, This move, aimed at cleansing their books of questionable accounts and ensuring compliance with regulatory orders, comes as part of efforts to link bank accounts with the National…

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Brief History Of Workers Day

May Day was first celebrated back in 1890 on May 1st. This was because the international congress of socialist parties in Europe declared May 1st as the ‘Workers Day of International Unity and Solidarity’. In 1904, the Sixth International Socialist Congress called for all workers, trade unions and social democratic organisations to ‘demonstrate energetically on…

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