NDIC Tackles Rising Fintech-induced Risks In Financial Sector       Nigeria Deposit Insurance Corporation (NDIC) has stated that it is effectively collaborating with relevant stakeholders to manage risks arising from the growing adoption of financial technology (fintech) in the financial sector. At the 2021 retreat organised by the...

CBN Orders The Closure Of Crypto Currency Accounts         The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFls) to close the accounts used for crypto currency operations. The CBN in a circular BSD/DIR/GEN/LAB/14/001 issued...

Buhari Reappoints AMCON’s Boss, Appoints New MD, ED For NDIC         President Muhammadu Buhari, has appointed Mr Bello Hassan as the new managing director of Nigeria Deposit Insurance Corporation. He also appointed Mr Mustapha Ibrahim as executive director of the corporation. The President reappointed Mr Ahmed Kuru as...

CBN Introduces Bills To Mop Up Surplus Funds         The Central Bank of Nigeria (CBN) has introduced special bills as part of an effort to absolve excess liquidity and deepen the financial market, saying the move will avail it with an additional liquidity management tool. The circular...