November 16, (THEWILL) — Fresh controversy has trailed First Bank of Nigeria’s (FBN) bid to take over the assets of General Hydrocarbons Limited (GHL), following revelations that the Sole Arbitrator, who dismissed GHL’s $718 million claim, is allegedly a...
The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to move more of their funds into the formal banking system, adding that the revised insurance limit, which now fully covers 98.98 per cent of depositors in Nigerian deposit money banks, was aimed at deepening public confidence in the banking system.