MFBs
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Finance
CBN Moves For Effective Loans Recovery, Issues Circular To Banks
The Central Bank of Nigeria (CBN) has issued circular to all Banks and other financial institutions on the need for…
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Finance
CBN Bars Microfinance Banks From Foreign Exchange Transactions, Others
The Central Bank of Nigeria (CBN) has barred Microfinance Banks from foreign exchange transactions and other non-permissible activities. A circular…
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Finance
NDIC Begins Liquidation Dividends Payment To Depositors Of 14 Closed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and…
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Finance
NDIC Begins Verification Of Depositors Of 42 Failed MFBs
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently…
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