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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) 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.
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.
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.
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).
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.
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.
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.
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.
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.
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, 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.
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).
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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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.
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.
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.
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.
A lawmaker representing Obokun/Oriade federal constituency of Osun state in the House of Representatives, Hon. Busayo Wole Oke has described Governor Seyi Makinde as ‘the best person” to the lead the Peoples Democratic Party to victory in the South West.
African Democratic Congress, ADC, has raised the alarm over the deployment of over 31,000 policemen in Edo State ahead of the governorship elections holding on Saturday, September 19.
The Osun State governor, Gboyega Oyetola, is shocked by the death of a young man who was killed in a road crash on Tuesday, September 15, 2020.
Ekiti State Commissioner for Trade and Industries, Mr Muyiwa Olumilua, has reiterated the commitment of the Kayode Fayemi-led administration to creating an enabling environment for individuals and corporate bodies.
The Lebanese army said three of its troops were killed and another wounded while attempting to arrest a suspected “terrorist” at his north Lebanon home.