The Nigeria Deposit Insurance Corporation has expressed its readiness to grant financial assistance to deserving Primary Mortgage Institutions and microfinance banks as part of its efforts at repositioning them for better performance in the financial services system. A statement by the corporation on Wednesday quoted the Managing Director, NDIC, Mr. […]
Tag: Nigerian Deposit Insurance Corporation
NDIC Warns Nigerians against Activities of ‘Wonder Banks’
The Managing Director of the Nigerian Depositors Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has urged Nigerians to take advantage of the new regulations protecting their investments, saying that the corporation would ensure that their deposits remain safe. He also disclosed that the NDIC has paid N90.13 billion to depositors in […]
SGBN, Savannah Bank to get CBN loan
The Central Bank of Nigeria (CBN) will give some loan facility to embattled Societe Generale Bank of Nigeria (SGBN) as well as Savannah Bank, to enable them effectively recapitalise and come back to business, BusinessDay can confirm. It was learnt that each of the banks may get as much as […]
