16 results
- 13 Mar 2020
NDIC to Pay Shareholders of Defunct Continental Merchant Bank March 23
Nigeria Deposit Insurance Corporation (NDIC) has announced that it would start paying shareholders of the defunct Continental Merchant Bank Plc from Monday, March 23, 2020. A notice from the agency…
- 8 Oct 2023
NDIC Pays 29,573 Depositors of Closed MFBs, PMBs
Mr Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said it has paid about N1.084 billion to 29,573 depositors of recently-closed microfinance banks and Primary…
- 4 Sept 2022
NDIC Makes Final Dividend Declaration to Depositors, Creditors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to…
- 3 Dec 2014
NDIC Recovers N25.31bn from Liquidated Banks Debtors
The Nigerian Deposit Insurance Corporation (NDIC) said it had recovered a cumulative sum of N25.31bn from debtors of Deposit Money Banks in liquidation as at the end of December 2013. The figure…
- 23 Jul 2019
NDIC Pays N593.8m to Shareholders of Banks In-liquidation
Nigeria Deposit Insurance Corporation (NDIC) on Tuesday revealed that it paid the sum of N593.78 million to shareholders of some banks in-liquidation in 2018. NDIC said this amount was paid to…
- 16 Feb 2022
Bank of Industry Launches EUR700m Eurobond
The Bank of Industry (BOI), assisted by Rand Merchant Bank (RMB) has issued a EUR700m Eurobond by way of 144A/RegS Senior Note Participation Notes, irrevocably and unconditionally guaranteed by the…
- 1 Apr 2024
Banks in Good Stead to Meet CBN’s Recapitalisation Target – ACAMB
Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured the banking public that banks in the country have the wherewithal to meet the Central Bank of Nigeria…
- 22 Sept 2021
RMBN Stockbrokers Launches New HNI Brokerage Product
Rand Merchant Bank Nigeria (RMBN) has launched stockbroking product that enables their high networth individual (HNI) clients to participate in the Nigerian equities market with guidance and…
- 27 Apr 2025
Supreme Court Sets Aside N22 Trillion Judgement against Union Bank
The Supreme Court of Nigeria has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014. The judgement arose from a suit…
- 14 Jul 2025
Africa Launches PAPSSCARD, First Pan-African Card Scheme
Africa has marked a significant step towards financial independence following the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Professor Benedict Oramah, president and chairman…
- 11 Aug 2026
SeerBit Integrates PayPal to Expand Global Payment Options for African Merchants
SeerBit, a leading pan-African payments company, today announced its integration with PayPal, enabling merchants across its supported markets to accept payments directly from PayPal users at…
- 22 Jan 2026
Paystack Launches The Stack Group as Pan-African Tech Powerhouse
Paystack, the leading African payments platform solving complex financial challenges for businesses across the continent, has launched The Stack Group (TSG), a new parent holding company that…
- 4 May 2014
Nigeria to Miss MM Cross Border Remittance Deal
Nigeria will not be a beneficiary of the landmark deal struck by major telecom operators in Africa for the implementation of interoperable mobile money services across Africa and the Middle East…
- 3 Feb 2026
Onafriq, PAPSS Launch Wallet-Based Payments Pilot from Nigeria to Ghana
Onafriq Nigeria Payments Ltd, a CBN licenced payment service provider, partners with The Pan-African Payment and Settlement System (PAPSS) to pilot the continent’s first wallet-based outbound…
- 2 Nov 2021
Changera Cards Allow You to Spend Like a Local Anywhere You Go
Cross-border payment platform, Changera has expanded its financial services by launching Virtual cards for users to perform online dollar transactions without worrying about their monthly spending…
- 3 Jul 2022
KongaPay at House of Lords, London, Signs Historic Partnership with Bibimoney
KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant, has signed a landmark deal with Bibimoney, a UK-based industry leader to…