BY EDMOND ODOK – Stakeholders in Nigeria’s financial sector are canvassing the robust involvement of Microfinance Banks (MFBs) in the disbursement of poverty alleviation funds to sanitise the process and…
Drops annual interest rates from 9% to 5% Holds MPC meeting Thursday, May 28 BY VICTOR OSOWOCHI, ABUJA – The Central Bank of Nigeria (CBN) has reduced interest rates on…
Identifies insider abuses, protracted legal tussles, others as huge challenges BY COBHAM NSA, ABUJA – The Nigeria Deposit Insurance Corporation (NDIC) says efficiency and diligence in its liquidation activities have…
BY CHINYERE OBIORA, LAGOS – The Nigeria Deposit Insurance Corporation (NDIC) has listed poor public awareness and cumbersome judicial processes as major challenges facing bank failure resolution in the country….
Recovers N29.542bn from failed banks’ debtors BY COBHAM NSA, ABUJA – The Nigeria Deposit Insurance Corporation (NDIC) is excited by the huge gains and security enjoyed by the nation’s banking…
BY UBON EKANEM, CALABAR – The Nigeria Deposit Insurance Corporation (NDIC) is demanding increased funding to Micro Small and Medium Scale Enterprises (MSMEs) to stimulate and activate the country’s economy…
BY COBHAM NSA, ABUJA – Amidst growing concerns over dubious loan offers in Nigeria’s financial space, the Central Bank of Nigeria (CBN) has warned the public against embracing such fake…
BY CHINYERE OBIORA, LAGOS – Nigeria Deposit Insurance Corporation (NDIC) has set aside N258.767 billion for reimbursement of depositors in the event of distress in any licenced bank during the…
BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) says establishing functional Microfinance Banks (MfBs) in Nigeria’s 774 Local Government Councils will deepen financial inclusion and guarantee access…
Good news for failed MFBs’ depositors BY CHINYERE OBIORA LAGOS – The Nigeria Deposit Insurance Corporation (NDIC) says there is no hiding place for all top management officials and directors culpable…