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MFBS
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banking sectors. Effective immediately, the new coverage adjustments were revealed during a press conference held by the NDIC's MD/CEO, Mr. Bello Hassan, on May 2, 2024.
NDIC is preparing to increase the maximum deposit insurance coverage to account for the effects of recent economic changes.
The National Association of Microfinance Banks (NAMB) has begun a review of the recapitalisation status of all Microfinance Banks that are its members.
BOFIA 2020, just a few days after being signed into law is proving to be a game-changer in the industry.
The Nigeria Deposit Insurance Company (NDIC) has warned Nigerians to stop patronising unlicensed financial institutions.
The CBN has warned the Microfinance Banks (MfBs) operating in Nigeria against hawking and hoarding of lower currencies.
NDIC commences verification of insured depositors of failed banks