Fintech growth calls for new regulatory insights, says NDIC boss
The Managing Director/Chief Executive, the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, said the sweeping changes in the financial service industry have imposed fresh regulatory challenges, which call for new insights and approaches.
UNILAG Muslim Alumni elects new excos
The University of Lagos Muslim Alumni (UMA) has returned the Chief of Staff to the Ogun State Governor, Alhaji Shuaib Salisu, as its President for the next two years.
Senate passes bill to strengthen Nigerian financial system
It was soothing news for the monetary policy team yesterday, as the Senate finally passed the bill to repeal the Banks and Other Financial Institutions Act (BOFIA) CAP B3 Laws of the Federation of Nigeria 2004 to pave the way for a re-enactment of Banks and Other Financial Institutions Act...
MFBs’ survival requires thinking, environment study post-COVID-19
For microfinance banks (MFBs) to survive post-COVID-19 impact, there is a need for critical thinking and constant scanning of the business environment.
President Buhari appoints NAICOM, NDIC board members
President Muhammadu Buhari has approved the appointment of Mr Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM).
NDIC promises protection against disruptive technologies
The Nigeria Deposit Insurance Corporation (NDIC), has promised to protect banks customers from risks associated with technologies being introduced by banks to enhance transaction efficiency, which exposes customers to fraudsters during electronic dealings.
NDIC wins N1.4b case against Gulf Bank debtors
Sixteen years after, the Nigeria Deposit Insurance Corporation (NDIC), has secured a judgment against Jolimair Nigeria Limited and three other debtors, who owed the defunct Gulf Bank Plc a sum of over N1.49billion.
NDIC liquidates 425 failed deposit money banks, others in 32 years
The Nigeria Deposit Insurance Corporation (NDIC), weekend, disclosed that has liquidated about 425 banks, due largely to bad loans in the past 22 years.The Corporation, in collaboration the Central Bank of Nigeria...
Mobile money subscribers hit 9.25 million in 6 months
The number of subscribers to the 23 Mobile Money Operators (MMOs) in the country stood at 9.25million as at the first half of this year, Alhaji Umaru Ibrahim, managing director and chief executive...
CBN and challenges of bank regulation
The Central Bank OF Nigeria (CBN) regulatory policies on deposit money banks usually set the tone for a stable financial system. However, like all human organizations...