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NDIC Sets Aside N16Billion For Micro Finance Banks

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 11, 2013
in Uncategorized
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The Nigerian Deposit Insurance Corporation (NDIC) has set aside N16 billion special fund for Micro Finance Banks (MFBs) in case some of them go under.
Speaking yesterday, the Managing Director, NDIC, Alh Umaru Ibrahim said the initiative is part of effort at overcoming problems of capital adequacy, quality management, issues relating to risk management and other problems confronting micro-finance banks in Nigeria.

NDIC sets aside N16bn for ‘distressed’ micro finance banks

Tags: NDICNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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