NDIC Refunds Liquidated Banks Depositors According to the Nigeria Deposit Insurance Corporation (NDIC), it has reimbursed the depositors of 179 failed microfinance and mortgage banks across the country. The Managing Director of the NDIC, Dr Bello Hassan, stated this at the NDIC Special Day during the...

NDIC Refunds Liquidated Banks Depositors According to the Nigeria Deposit Insurance Corporation (NDIC), it has reimbursed the depositors of 179 failed microfinance and mortgage banks across the country. The Managing Director of the NDIC, Dr Bello Hassan, stated this at the NDIC Special Day during the...

Reps Urge CBN To Suspend Recapitalisation Of Microfinance Banks       The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend the planned recapitalisation for microfinance banks until the economy stabilises and considered safe. The House mandated the Committee on Banking and Currency to...