commercial banks – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 04 Oct 2025 10:08:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png commercial banks – InfoStride News https://www.theinfostride.com 32 32 NDIC Says 99% of Deposits in Commercial Banks Are Fully Insured https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/ https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/#respond Sat, 04 Oct 2025 10:08:04 +0000 https://www.theinfostride.com/?p=468245 The Nigeria Deposit Insurance Corporation (NDIC) has announced that nearly all depositors in Nigeria’s commercial banks are now fully protected under its expanded deposit insurance scheme. The Managing Director of the Corporation, Mr. Thompson Sunday, disclosed that about 98.98 percent of depositors in commercial banks are covered, marking a significant milestone in efforts to strengthen [...]

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]]> https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/feed/ 0 KPMG faults FG’s 50% windfall tax, says legal disputes may arise https://www.theinfostride.com/kpmg-faults-fgs-50-windfall-tax-says-legal-disputes-may-arise/ https://www.theinfostride.com/kpmg-faults-fgs-50-windfall-tax-says-legal-disputes-may-arise/#respond Sat, 20 Jul 2024 03:59:10 +0000 https://www.theinfostride.com/?p=383900 Global tax and advisory service firm, KPMG Nigeria has criticised the 50% windfall tax on the bank’s foreign exchange revaluation gains recorded in 2023 stating that it could result in a legal dispute.   The firm stated this in its reaction to the recently imposed tax on banks by the federal government where it stated that [...]

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]]> https://www.theinfostride.com/kpmg-faults-fgs-50-windfall-tax-says-legal-disputes-may-arise/feed/ 0 Naira Swap Crisis: Commercial Banks shutdown Operations in Ogun State https://www.theinfostride.com/naira-swap-crisis-commercial-banks-shutdown-operations-in-ogun-state/ https://www.theinfostride.com/naira-swap-crisis-commercial-banks-shutdown-operations-in-ogun-state/#respond Tue, 21 Feb 2023 17:28:07 +0000 https://www.theinfostride.com/?p=342041 The commercial banks in Ogun State have suspended all banking operations until further notice. The suspension is in connection with the ongoing Naira swap crises erupting in different parts of the states. The most recent attacks on the buildings and properties of commercial banks happened yesterday in Sagamu The InfoStride reported that Angry Customers burnt [...]

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]]> https://www.theinfostride.com/naira-swap-crisis-commercial-banks-shutdown-operations-in-ogun-state/feed/ 0 Naira Continues To Fall Against US Dollar, Current Rate Being N280 To A Dollar https://www.theinfostride.com/naira-continues-to-fall-against-us-dollar-current-rate-being-n280-to-a-dollar/ Fri, 18 Dec 2015 11:43:37 +0000 http://www.theinfostride.com/?p=113624 The Central Bank of Nigeria (CBN) has given a directive to commercial banks to limit how much customers can spend abroad using their debits cards. This is not unconnected the falling value of Naira. The Naira weakened on Thursday to 280 to a dollar. The CBN has for months defended the naira employing varying measures to stabilize [...]

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