Browsing Tag
NDIC
3 posts
Taiwo Oyedele Stresses That Banks Must Earn Public Trust
Finance Minister Taiwo Oyedele and NDIC boss Thompson Sunday emphasize that earning public trust through transparency and proactive crisis management is essential for a resilient banking sector.
Depositors face partial recovery as CBN shuts 46 microfinance banks
Bank Customers’ Association of Nigeria President Dr. Uju Ogunbunka warns that the revocation of 46 microfinance bank licenses will cause widespread financial hardship, incomplete deposit recovery, and a potential decline in national financial inclusion.
NDIC Appointed Liquidator for 46 Failed Microfinance Banks
Following the revocation of licenses for 46 microfinance banks by the CBN, the NDIC has stepped in to manage their liquidation and warned the public against illegal transactions with these failed institutions.