NDIC Begins Payout to Depositors After Microfinance Bank License Revocations in Nigeria

The Nigerian Deposit Insurance Corporation (NDIC) has started paying out to depositors following the Central Bank of Nigeria's revocation of licenses for 46 microfinance banks.

1 Jul, 22:08 — 1 Jul, 22:08

Post Share

Sources

Showing 1 of 1 sources

Premium TimesMostly Factual54d ago

NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

According to the corporation, the affected banks have ceased to operate as licensed financial institutions and are no longer authorised to carry out banking business in Nigeria. The post NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria.

By Ezekiel Oyero

Read full article →

PERSPECTA

PERSPECTA

NDIC Begins Payout to Depositors After Microfinance Bank License Revocations in Nigeria

Sources

NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

Related Stories

Serbia's Average Net Salary Reaches 1,026 Euros in June

Iran Vows Retaliation After New US Sanctions

Giannis Stasinopoulos Acquires Full Ownership of Active Computer Systems

PPC Expands New Generation Stores Across Greece, Enhancing Customer Service

PERSPECTA