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NDIC begins verification exercise for depositors of 46 liquidated MFBs
Nigeria Deposit Insurance Corporation (NDIC) says it has formally commenced a nationwide verification exercise for customers of the 46 microfinance banks (MFBs) whose operating licences were revoked by the Central Bank of Nigeria (CBN). According to the NDIC, the verification exercise…
CBN shuts 46 microfinance banks over regulatory breaches, as NDIC begins process of orderly closure of affected MFBs
Central Bank of Nigeria (CBN) has announced revocation of the operating licences of 46 microfinance banks (MFBs) for failing to comply with key regulatory requirements. This is also as the Nigeria Deposit Insurance Corporation (NDIC) said it has commenced the…
