The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification…
Read More NDIC begins verification of depositors of 42 failed MFBs
Ebun Francis| The National Assembly on Monday passed N13.588 trillion budget for the 2021 fiscal year. The final figure represents an increase of N505 billion from the original figure of N13.082…
Read More National assembly passes N13.5 trillion 2021 budget
In its commitment to make the growth of the small and medium scale enterprises (SMEs), its primary focus, SunTrust Bank gave out a whopping N23.96 billion as loans and advances…
Read More Real Sector Growth: SunTrust Bank renews commitment with N23.96billion
BEbun Francis| The Central Bank of Nigeria (CBN) has warned members of the public to beware of the activities of Messrs. Azimo and Messrs. Transfer Wise, both of which are…
Read More Azimo, Transfer Wise not registered IMTOs, Says CBN
The Nigeria Deposit Insurance Corporation (NDIC) on Friday said limited understanding and the widespread misconception of the Deposit Insurance System (DIS) in Nigeria was largely responsible for the pool of…
Read More Why pool of deposits in closed banks remain unclaimed – NDIC