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NDIC to revoke licences of 37 weak microfinance banks

This was made known by the Chairman of NDIC, Ronke Sokefun, during a chat on the theme: ‘A Conversation on Deposit Insurance, Banking Supervision, Failure Resolution and Bank Liquidation in Nigeria.’ She also called for a timeline for the existence of any bridge bank.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank announces reliefs on OFI loans

As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions, the Central Bank of Nigeria (CBN), has announced more relief measures.

Nigeria widens activities of micro-finance banks to include issuance of commercial papers

The Central Bank of Nigeria (CBN) has widened the permissible activities of Micro Finance Banks (MfBs) to include the issuance of commercial papers (CPs) and appointment of agents under the Agency Banking Model.

NDIC to adopt cost-effective bank failure resolution method

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.

NDIC: Savannah Bank remains licensed to operate

The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with operational licence even though it is currently not in operation.

NDIC pays N116 billion liquidation dividends

The Nigeria Deposit Insurance Corporation (NDIC), has paid depositors, creditors and shareholders of failed banks the sum of N 116.258 billion as Liquidation Dividends.

NDIC starts payment to depositors of 154 failed MFBs

The Nigeria Deposit Insurance Corporation said it had commenced payment to depositors of 154 Micro Finance Banks that the Central Bank of Nigeria revoked their licences in 2018 due to insolvency.

Central bank alerts on fraudulent loan schemes

The Central Bank of Nigeria (CBN) on Monday warned loan seekers and owners of small-scale businesses to beware of fraudulent loan offers purportedly by the Federal Government.

Central bank warns against fraudulent loan offers

The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address ([email protected]) purportedly being handled by the Central Bank of Nigeria (CBN).
Kayode Fayemi

Ekiti government goes tough to recover N1.5 billion micro-credit loans

Ekiti State Government has adopted a strategic that would facilitate prompt and stress -free repayment of loans running to N1.5 billion granted the people under the Small and Medium Enterprise Support Scheme since the administration of Chief Segun Oni to date.

Central bank orders microfinance banks to disburse higher, lower banknotes together

The Central Bank of Nigeria (CBN) has mandated the microfinance banks (MFBs) to mix the lower and higher Naira notes while disbursing it to customers.

Central bank to disburse lower naira denominations through microfinance banks

The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.

Central bank to disburse lower currencies to microfinance banks

The Central Bank of Nigeria (CBN), has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.

Central bank to disburse lower currencies to micro-finance banks

The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country.

Godwin Emefiele: MFBs advanced N482.89 billion credit to MSMEs in 2018

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that total aggregate loans granted by Microfinance Banks (MFBs) to micro small and medium enterprises (MSMEs) in the country stood at N482.896 billion as at December 2018.
Nigeria’s Vice president Yemi Osinbajo has debunked rumours stating he has resigned his position as the nation’s vice president.

VP Osinbajo wants NDIC to ensure financial inclusion for poor Nigerians

Nigeria’s vice president, Yemi Osinbajo, on Tuesday asked the management of the Nigerian Deposit Insurance Corporation (NDIC) to come up with a sustainable framework to empower millions of poor Nigerians through the extension of credit to them.

Central bank to issue loans at five percent to SMEs through NIRSAL microfinance bank

The Central Bank of Nigeria (CBN), says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises (SMEs) through the NIRSAL Micro Finance Bank (MFB).

MfBs push for implementation of NMP in intervention funds

The National Association of Microfinance Banks, NAMB, has called for a full implementation of the National Microfinance Policy, NMP, in the application of intervention funds.

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Police: Baby survives, mother dies in Anambra building collapse

The Police Command in Anambra has confirmed the rescue of a six-month-old baby from the wreckage of a storey building which collapsed at Obosi near Onitsha on Sunday.

Senator Mark: Edo election a triumph of people’s will

Former President of the Senate, Senator David Mark, has described the re-election of Godwin Obaseki of Edo State as a triumph of people’s will.

CSR: Dangote Cement commits N4 billion to projects in Ogun host communities

Dangote Cement Plc, says it has committed over N4 billion into various Corporate Social Responsibility (CSR) projects in its 14 host communities in Yewa land in Ogun.
Prof. Isaac Adeyemi, the former Vice Chancellor, Bells University of Technology, Ogun, has charged Nigerian youths to harnessy their knowledge via the internet to be drivers of innovation and creativity for a better Nigeria.

Youths should be drivers of innovation, creativity for a better Nigeria – don

Prof. Isaac Adeyemi, the former Vice Chancellor, Bells University of Technology, Ogun, has charged Nigerian youths to harnessy their knowledge via the internet to be drivers of innovation and creativity for a better Nigeria.
Efe Ajagba could not enhance his claims for a future fight with Anthony Joshua as he laboured to a points victory over Jonathan Rice in Las Vegas.

NIDCOM chief hails Ernest Ezeajughi’s re-election as UK council mayor, Efe Ajagba’s US boxing...

Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), has congratulated Nigerian-born scientist, Ernest Ezeajughi, who was elected to serve a second term as the Mayor of Brent.