The Nigeria Deposit Insurance Corporation (NDIC) has commenced the verification and payment of insured deposits to customers of the…

The NDIC announced that over 281 million depositors are now insured against bank failure, with expanded coverage and faster reimbursements for customers.

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country over multiple regulatory violations, including insolvency,…