Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. Mr Thompson Sunday, managing director and chief executive, NDIC, disclosed this...
Mr Taiwo Oyedele, minister of Finance and Coordinating Minister of the Economy, has warned that fear, rumours and misinformation could trigger instability in the banking sector...
By Blaise Udunze The Heritage Bank’s banking license was revoked and it was ordered into liquidation on June 3, 2024. This remains one of the most...
Nigeria Deposit Insurance Corporation (NDIC) has warned members of the public against carrying out any transactions with the 46 microfinance banks whose operating licences were revoked...
Nigeria Deposit Insurance Corporation (NDIC) has said more than 281 million depositors across the country’s banking system are protected against bank failure, following reforms that significantly...
OPay, fintech firm, has introduced two new security features, Emergency Lock and Safety PIN, to help customers protect their funds during emergencies and threats to their accounts....
By Osasikemwen Ighile, Brand Manager, FairMoney Microfinance Bank In today’s volatile economic climate, saving money is no longer just a prudent habit—it is a strategic necessity. ...
Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc., has instituted two separate actions at the Federal High Court in Lagos...
Central Bank of Nigeria (CBN), has said that it will be launching a new payment systems vision that will outline where the entire ecosystem is expected...
Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to protecting depositors and sustaining confidence in the nation’s banking system, declaring that its insurance framework currently...
