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Micro Finance Banks
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.
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.
New guidelines issued by the Central Bank of Nigeria (CBN) demand all commercial banks and financial institutions to promptly notify customers on all transactions on their accounts as part of their contractual obligations.
The Managing Director and Chief Executive Officer, Nigeria Incentive Based Risk Sharing for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, has disclosed that in few weeks time, over 200 farmers stand to benefit from the take off of the Micro-Finance Bank (MFB) lending in the country.
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 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has promised to reduce the size of the centre if elected.
The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.
The Nigeria Deposit Insurance Corporation (NDIC), on Wednesday, offered insights why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks.
Nigeria Deposit Insurance Corporation (NDIC), Wednesday, offered insights into why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs).
The Nigeria Deposit Insurance Corporation (NDIC), said it paid N1.45 billion to 16, 324 depositors of 34 closed Deposit Money Banks (DMBs) in 2017.
Following the Central Bank of Nigeria’s (CBN) revocation of the licences of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs), the Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of the depositors of the affected institutions and would soon begin payment of verified claims.
Bauchi State Government has expressed concern over the liquidation of six Micro-finance Banks by the Central Bank of Nigeria (CBN) across the state.
Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics shows that the number of customers using financial services reduced in 2017.
More than 10,120 families in Sokoto State receive government’s N5,000 monthly stipend aimed at enhancing girl-child education, according to Malam Musa Lumu, Chairman, Gwadabawa Micro Finance Bank, Sokoto.
Central Bank of Nigeria (CBN) has set state-by-state target for the 21 commercial banks and 942 Microfinance banks in the country to ensure that every Nigerian adult has access to financial services.
Vice President Yemi Osinbajo said on Saturday that the newly inaugurated N10 billion Farmers-to-Finance-Mutual Funds would help reduce poverty and support local farmers to grow their businesses.
Tottenham have re-signed goalkeeper Michel Vorm on a deal until the end of the season to cover for the injured Hugo Lloris.
South East Governors Forum have resolved to meet with President Muhammad Buhari on Thursday over the welfare of Ndigbo.
Ahead of the preparations toward the Tokyo 2020 Olympics, the Minister of Youths and Sports Development, Sunday Dare, on Monday assured athletes that he would ensure a minimum of five months camping.
Oyo State Government has imposed fees on the transfer of students from private to government owned schools, pointing out that the costs were meant to offset administration procedures.
The Nigerian Institution of Metallurgical Mining and Materials Engineers (NIMMME) has said with available reserves of Iron Ore and lead, asides other resources, the nation can generate $292 billion.
The Minister of Science and Technology, Dr. Ogbonnaya Onu, has said the total revenue from the nation’s leather industry now valued between $600 to $800 million annually.
Speaking during the presentation of a play entitled, ‘Folly of Men’, on Sunday, at the University of Lagos (UNILAG), the renowned writer described the country’s education as horrifying.
An estimated $582 billion has been stolen from Nigeria since independence in 1960.
Government College, Ibadan Old Boys Association (GCIOBA) says it has so far raised over N60 million to support educational development of the school.
Gunmen suspected to be kidnappers have killed one person and abducted a Nigerian Security and Civil Defence Corps (NSCDC) officer, with his two children at Dafara community, in Kuje Area Council, Abuja.