Senate Committee on Banking

Banking Insurance & Pension Latest News National Assembly

Senate Committee To Fast-Track Amendment Of NDIC Act

The Senate Committee on Banking, Insurance and Other Financial Institutions has expressed a strong commitment to the accelerated amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act, 2006, to eliminate the gaps that had hindered the full realization of the public policy objectives of the implementation of the Deposit Insurance System (DIS) in Nigeria. The […]

FG May Accept $800Mn From MTN As $8.1Bn Fine Payment

Less than 24 hours after the Senate Committee on Senate Committee on Banking, Insurance and other Financial Institutions expressed concerns about the discussions between the CBN and MTN Nigeria over the $8.1 billion imposed fines on telecom operator over regulatory infractions, there are indications that the government may accept $800 million as final settlement on […]