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Microfinance Bank

NDIC Announces N61.63bn Payout To Failed Banks' Stakeholders

NDIC Refunds N1.2bn To Depositors Of 179 Defunct Microfinance Banks

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has announced a refund of over N1.2 billion to 34,000 depositors of 179 microfinance banks whose licenses were revoked by the Central Bank of Nigeria (CBN). At the 2023 Sensitisation

November 2, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

Full List: Emefiele Clampdown On Microfinance Banks, CBN Revokes 132 Licences

The Central Bank of Nigeria (CBN) has revoked the licences of 132 microfinance banks (MfBs) over a breach of several regulations set by the financial regulator. In a statement released on Tuesday, the CBN said the Governor of the apex bank, on

May 24, 2023

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Microfinance Bank

NDIC Refunds N1.2bn To Depositors Of 179 Defunct Microfinance Banks

Full List: Emefiele Clampdown On Microfinance Banks, CBN Revokes 132 Licences

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