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...

Nigeria to Revive 46 Abandoned Housing Projects – FMBN The Federal Mortgage Bank of Nigeria (FMBN) has initiated a rehabilitation process to revive about 46 abandoned housing projects nationwide. The bank said this would be achieved through a partnership with Shelter Afrique Development Bank, a pan-African...

Senate Worries Over Power Ministry’s N478m In Mortgage Bank         The Senate has raised concern over the safety of the N478m deposited by the Federal Ministry of Power in Aso Savings and Loans Plc. The money, according to the 2015 report of the Auditor General for the...