NDIC Gets N2bn To Pay Depositors Of Liquidated Bank     The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday said it liquidated Fortis Microfinance Bank (FMB) to protect the interest of depositors. It said the bank went into distress because of mismanagement and abysmal corporate governance practices The Central...

The Managing Director, Fortis Microfinance Bank (MFB), Mr Tiko Okoye said the Development Bank of Nigeria (DBN) if managed correctly, could bring down cost of lending by MFBs in Nigeria. Okoye in an interview with newsmen in Abuja, said that although MFBs take the risk...