… As CBN liquidates 83 micro finance banks Managing Director of the Nigeria Deposit Insurance Corporation (NDIC) Alhaji Umaru Ibrahim has said that the corporation will soon commence regulation of mobile banking in Nigeria. Speaking during the 2014 budget defence of the agency before the Senate Committee on Banking and […]
Author: InvestAdvocate
Fitch Affirms Zenith, FBN Holdings, 8 Others’ Ratings
Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Zenith Bank Plc, FBN Holdings Plc and eight other financial institutions. The others are First Bank of Nigeria Limited, United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTB), Access Bank Plc, Diamond Bank Plc, Fidelity Bank Plc, […]
CBN approves closure of 83 micro-finance banks
The Central Bank of Nigeria (CBN) has approved the liquidation of 83 micro-finance banks, Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said on Tuesday in Abuja. Ibrahim, who made the disclosure when he appeared before the Senate Committee on Banking and Currency to defend NDIC’s 2014 […]
