Senate has passed the Asset Management Corporation of Nigeria Amendment (AMCON) bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions....
Nigeria Deposit Insurance Corporation (NDIC) is to go tough on debtors of failed banks, according to Mr. Bello Hassan, new managing director of the organization. Hassan,who...
Banks in the country lost over N5 billion to fraudsters within a nine-month period in 2020, according to Nigeria Deposit Insurance Corporation (NDIC). Mrs Omotola Abiola-Edewor,...
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...
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...
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...
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...