NDIC raises deposit insurance coverage for bank customers in Nigeria to N5 million
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various ...
Tag: MFBs
NDIC mulls increments in depositors’ insurance compensation to reflect impact of macroeconomic developments
NDIC is preparing to increase the maximum deposit insurance coverage to account for the effects of recent economic changes.
Licence revocation: NAMB begins recapitalisation appraisal of MFBs
The National Association of Microfinance Banks (NAMB) has begun a review of the recapitalisation status of all Microfinance Banks that ...
BOFIA 2020: Forward or backward step for Nigerian banks?
BOFIA 2020, just a few days after being signed into law is proving to be a game-changer in the industry.
NDIC warns Nigerians against ‘wonder banks’
The Nigeria Deposit Insurance Company (NDIC) has warned Nigerians to stop patronising unlicensed financial institutions.
CBN warns MfBs against hoarding as lenders begin to disburse N100, other lower notes
The CBN has warned the Microfinance Banks (MfBs) operating in Nigeria against hawking and hoarding of lower currencies.
Failed Banks: NDIC to commence claims payment of depositors
NDIC commences verification of insured depositors of failed banks
