Central Bank of Nigeria (CBN)has revoked the licenses of 42 microfinance banks in the country and has subsequently closed them with many depositors apprehensive. The Nigeria...
The federal government has passed a law that will create a new resolution fund to support failing or distressed lenders and will get commercial banks to...
Central Bank of Nigeria (CBN) refunded N2.7 billion to the customers and resolved 1,519 banks’ transaction complaints from January to June this year. Mr Haruna Mustafa...
Council of the Chartered Institute of Bankers of Nigeria (CIBN) has recertified the Nigeria Deposit Insurance Corporation (NDIC) Academy as a training service provider for various...
The Senate Committee on Banking, Insurance and Other Financial Institutions, has pledged to support the Nigerian Deposits Insurance Corporations (NDIC) to carry out its functions more...
Nigeria Deposit Insurance Corporation (NDIC) said it adhered to statutory guidelines on the resolution and liquidation of Fortis Microfinance Bank (MFB) and the protection of interest...
About thirty seven Micro Finance Banks, MFB’s may soon seize to exist for not being able to meet necessary conditions. Mrs. Ronke Sokefun, chairman of the...
Nigeria Deposit Insurance Corporation (NDIC) has proposed stiff penalties for negligent directors of failed banks, toserve as a deterrent to officers and directors of banks, and...
Nigeria Deposit Insurance Corporation (NDIC) has announced that it would start paying shareholders of the defunct Continental Merchant Bank Plc from Monday, March 23, 2020. A...
Nigeria Deposit Insurance Corporation (NDIC) has said that 40 per cent of Nigerians do not have access to financial services. Umaru Ibrahim, managing director/CEO, NDIC, said...
