March 12, 2018/NDIC The Nigeria Deposit Insurance Corporation (NDIC) is to investigate some banks for the inadequate rendition of returns to the Corporation on instances of fraud, forgeries, and cases involving members of their staff who were either dismissed or had their appointments terminated on grounds of fraudulent activities. Section […]
Money Market
CBN stress test reveals weak capital signs in banks
March 12, 2018/Punch Oyetunji Abioye A Central Bank of Nigeria stress test has shown that only large banks will stay above the regulator’s capital adequacy ratio threshold if the non-performing loans levels of the Deposit Money Banks should rise by 50 per cent. The results of the stress test were […]
NDIC to probe banks as fraud cases rise, loss hits N2.37b
12/3/2018/The Guardian The cases of fraud are rising in the nation’s banking industry, prompting a resolve by the Nigeria Deposit Insurance Corporation (NDIC) to investigate affected banks. In a statement, NDIC reported a 56. 3 per cent jump in reported cases from 16,751 in 2016 to 26,132 in 2017, resulting […]
