The Nigeria Deposit Insurance Corporation (NDIC) is considering an advance payment of insured deposits once the licence of any insured institution is withdrawn by Central Bank of Nigeria (CBN). This initiative was disclosed by the NDIC Managing Director/Chief Executive, Alhaji Umaru Ibrahim last Monday when he received the Chairman and […]
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Euro zone ministers agree on backstops for financing bank closures
Euro zone finance ministers agreed early on Wednesday how to ensure financing for closing down banks in a deal that boosts chances of an agreement on the overall blueprint on dealing with failing lenders later on Wednesday. Related Stories Euro zone agrees on bank closure funding; banking union in sight […]
Banking reforms: More pains, less relief for customers
Following various initiatives carried out by the Central Bank of Nigeria to turn the country’s financial space around, the vision of the financial watchdog appears to be a mirage as the 22 million Nigerian adults with bank accounts still have reservations about the system, ADEMOLA ALAWIYE writes The sight was […]
