By Tony Obiechina, Abuja Nigeria Deposit Insurance Corporation (NDIC) has reimbursed depositors of 179 rested microfinance and four mortgage banks across the country. The Managing Director...
By Tony Obiechina, Abuja In a bid to manage risks and prevent potential losses with systemic implications, the CBN on Wednesday issued stringent prudential requirements for...
By Tony Obiechina, Abuja Following the dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday night, the Central Bank...
The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks. The Acting Director,...
By Tony Obiechina, Abuja Concerned about alleged cases of collusion between some Deposit Money Banks (DMBs) and Point-of-Sale (PoS) operators currently causing Naira scarcity in the...
A High Court of the Federal Capital Territory, Abuja has issued an order freezing the accounts of the Oyo State Government in 10 commercial banks in...
By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) said it has paid an insured sum of over N1.7 billion to customers of Microfinance banks...
By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) said some media reports listing banks as failing the Capital Adequacy Ratio (CAR) stress test for...
By Tony Obiechina, Abuja The proposed recapitalisation of the deposit money banks by the Central Bank of Nigeria (CBN) is beginning to take a toll as...
By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) said it is recovering over N400 billion from debtors of liquidated banks in the country. Speaking...