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...
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...
Umaru Ibrahim, Managing Director of the Nigeria Deposit Insurance Corporation, NDIC, has stressed the urgent need to bring more Nigerians into the financial services net. Ibrahim...
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...
