Investment and Securities Tribunal (IST) has ordered the Nigeria Deposit Insurance Corporation (NDIC) to pay a subscriber to an aborted initial public offering (IPO), in a...
Central Bank of Nigeria (CBN) has said 874 microfinance banks have licences to operate in the country. It listed the names of the MfBs in its...
The federal government has perfected ways to borrow funds from unclaimed dividends and dormant bank account balances unattended to for at least six years, thanks to...
Nigeria Deposit Insurance Corporation (NDIC) has commenced a verification exercise towards settling the claims of depositors of the recently closed 42 Microfinance Banks (MFBs). This action...
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...
