Experts stand with Senate against hike in new minimum capital for MfBs
Even before the Senate Committee on Banking, Insurance and Other Financial Institutions expressed concern over the decision of the Central Bank of Nigeria (CBN) to increase the minimum capital base of micro finance banks (MFBs), industry experts have called for…
Polaris Bank: Can regulators achieve anything probing seating bank directors?
Recent comments by both the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) that they are monitoring the investigations by law enforcement agencies against the directors and management of the failed Skye Bank Plc, now Polaris…
NDIC still mute on recovering N620bn banks bailout under Sanusi at CBN
Barely three weeks after the embattled chairman of Special Presidential Panel on Recovery of Government Funds and Property, Barr Okoi Obono-Obla, gave a clear indication that plans are on to recover the over N620bn dashed out to about nine to…
NDIC silent on $7bn bailout recovery plan, seeks ethical banking standards
Contrary to general believe that the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN), through which the N620bn (about $7bn) bailout was lavishly given out to nine banks during the 2006 to 2008 banking shakeups will…
