Nigeria Deposit Insurance Corporation (NDIC)

Financial sector shrinks further as CBN hits 42 MFBs

• Banking/Investments

Financial sector shrinks further as CBN hits 42 MFBs

Business Hilights December 21, 2020

The Central Bank of Nigeria (CBN) weekend revoked the operating licences of 42 microfinance banks in the...

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Polaris Bank: Can regulators achieve anything probing seating bank directors?

• Banking/Investments

Polaris Bank: Can regulators achieve anything probing seating bank directors?

Business Hilights November 15, 2018

Recent comments by both the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN)...

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NDIC still mute on recovering N620bn banks bailout under Sanusi at CBN

• Banking/Investments

NDIC still mute on recovering N620bn banks bailout under Sanusi at CBN

Business Hilights October 4, 2018

Barely three weeks after the embattled chairman of Special Presidential Panel on Recovery of Government Funds and...

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(Special Report) CBN: From no plan to recover N640bn to ‘dashing’ another N786bn

• Banking/Investments

(Special Report) CBN: From no plan to recover N640bn to ‘dashing’ another N786bn

Business Hilights September 24, 2018

…As Nigerians decry ‘A Bold New Beginning’ advert by Polaris Bank At a time Nigerians are upbeat...

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NDIC silent on $7bn bailout recovery plan, seeks ethical banking standards

• Banking/Investments

NDIC silent on $7bn bailout recovery plan, seeks ethical banking standards

Business Hilights September 17, 2018

Contrary to general believe that the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria...

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Drive sound, healthy governance environment in banks, Ecobank boss tells auditors

• Banking/Investments

Drive sound, healthy governance environment in banks, Ecobank boss tells auditors

Business Hilights July 3, 2018

As part fresh drive to stem potential bank failure and rising nonperforming loans (NPLs) crisis, the Managing...

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Banking regulators’ need synergy of policy rollout to end conflicting regulations—Ambah

• Banking/Investments

Banking regulators’ need synergy of policy rollout to end conflicting regulations—Ambah

Business Hilights May 28, 2018

One of the key frustrating factors in the regulation of Nigeria’s banking and financial sub sector of...

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Online-banking fraud made up 98.68% of all reported financial crimes in 2017—NDIC

• ICT

Online-banking fraud made up 98.68% of all reported financial crimes in 2017—NDIC

Business Hilights March 13, 2018

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that internet/online-banking and ATM/Card-related fraud-types reported in 2017 constituted...

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