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.
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 adapts to technology, innovation trends
Nigeria Deposit Insurance Corporation (NDIC) has responded to technological innovations and applications in financial services with the establishment of a new “Fintech and Innovations unit” to align with contemporary trends in advanced economies.
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...
NDIC inaugurates anti-corruption unit
Nigeria Deposit Insurance Corporation (NDIC), as a key component of the Nigerian financial safety-net arrangement, has zero tolerance for corruption and all forms of malpractices within the Corporation and in the implementation of its mandate and activities.
‘NDIC remitted N217b to government in 30 years’
The Nigeria Deposit Insurance Corporation (NDIC) remitted a whopping N217 billion into the Consolidated Revenue Fund (CRF) of the government within the three decades of its existence, the Ministry of Finance has disclosed.