21 results
- 6 Apr 2019
NDIC Recovers N29Bn from Debtors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) said it has so far recovered N29bn from debtors of liquidated deposit money banks, microfinance banks and primary mortgage banks in the country. …
- 13 Apr 2022
LAPO MFB’s Confirmation as one of Nigeria’s Top Employers
LAPO Microfinance Bank (MFB), the country’s largest microfinance bank is an ubiquitous presence across the country especially consistently accounting for over 20 percent of the MFB sector while…
- 29 Jun 2026
NDIC Says 281m Depositors Protected against Bank Failure
Nigeria Deposit Insurance Corporation (NDIC) has said more than 281 million depositors across the country’s banking system are protected against bank failure, following reforms that significantly…
- 16 Oct 2023
Financial Firm Launches Operation to Boost MSMEs, Agriculture
In a bid to boost Micro, Small and Medium Enterprises (MSMEs) and agriculture in the country, NET Microfinance Bank, has commenced operation. Saidu Yusuf, Managing Director,stated this during the…
- 3 Oct 2025
NDIC Covers 99 Percent of Commercial Banks’ Deposits – MD
Nigeria Deposit Insurance Corporation (NDIC) currently provides full insurance cover for 98.98 percent of Deposit Money Banks’ total deposits, according to Mr. Thompson Sunday, managing director of…
- 12 Apr 2021
MDCL Accelerates Microfinance Industry Growth with Launch of Liquidity Platform
The Function Suite of Sheraton Hotel, Lagos, welcomed the crème-de-la-crème of the financial services sector on March 31, 2021 during a high-impact business forum for key stakeholders in the…
- 21 Apr 2026
5 Smart Saving Hacks Nigerian Freelancers Need to Survive Rising Living Costs
By Margaret Banasko, Head of Marketing, FairMoney Microfinance Bank Nigeria is at the forefront of Africa’s digital labour shift. According to the World Bank, the country leads a cohort of 17.5…
- 25 Mar 2026
5 Wealth-Building Strategies for Nigerian Women-led Businesses
By Chinwe Iwobi, Head of Wealth Management, FairMoney Microfinance Bank In Nigeria, women are the backbone of our economy. Data from the National Bureau of Statistics shows that women own…
- 1 Oct 2024
NDIC Partners Judiciary to Prosecute Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), has strengthened its partnership with the judiciary aimed at enhancing the prosecution of failed banks, according to Bello Hassan, managing director of…
- 21 Jul 2014
CBN Commends Sterling Bank, Osun’s Support for FI Scheme
The Central Bank of Nigeria (CBN) has commended Sterling Bank Plc and the Osun State Government, for their roles in deepening agent banking and Financial Inclusion (FI) initiatives. This commendation…
- 21 Nov 2021
CBN to Prosecute those Diverting Agric Fund
Central Bank of Nigeria (CBN) has threatened that borrowers who divert the funds provided under the Agricultural Credit Guarantee Scheme may earn a five-year jail term. Godwin Emefiele, governor of…
- 5 Mar 2020
NDIC Pays All Depositors of 18 Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), said it has fully paid all depositors of the 18 failed banks their deposits and paid creditors and shareholders of the banks N4.987 billion as…
- 11 Jul 2024
FG Lauds Moniepoint’s Contributions to the Growth of the Informal Economy
Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima, has restated the government’s unvarnished commitment to deepening economic and financial inclusion in line with President…
- 11 May 2022
Halo Financial Services Launches into Nigeria Fintech Space
Halo Financial Services Ltd, a fintech start-up has launched with an innovative approach to help Nigerians manage and grow their money. L-R: Chief Investment Officer, Halo Capital Management, Kunle…
- 17 Dec 2019
Agha and Innovectives Bag Financial Inclusion Leadership and Fastest Growing Agency Service Awards
Innovectives a leading integrated Fintech company has bagged two major awards at the Inclusive Financial Nigeria Conference and Awards (IFINCA) 2019, even as the company was recognised for its…
- 19 May 2009
Afribank Offers Group Services at Abuja Trade Fair
Afribank is offering specialized services to corporate and individual customers, government agencies, and participants at the on-going Abuja trade fair. The bank is also using the opportunity to…
- 11 Dec 2019
Experts Identify Ways to Extend the Boundaries of Financial Inclusion Strategy
Experts at the Inclusive Finance Nigeria Conference and Awards have identified the various ways the Central Bank of Nigeria can extend the boundaries of financial inclusion strategy in order to…
- 11 Apr 2019
FG Expresses Confidence in New NDIC Board
Vice President Yemi Osinbajo has expressed confidence in the ability of the new Board and Management of the NDIC led by Mrs Ronke Sokefun whom he described as an experienced lawyer and Umaru Ibrahim…
- 18 Dec 2023
NDIC Pays N1.7Bn to over 42,000 Customers of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) has paid N1.7 billion to over 42,000 customers of failed banks, according to Bello Hassan, managing director/CEO of the corporation. Hassan stated this…
- 29 Oct 2019
FG Urged to Disburse TraderMoni through Lendtech Platforms
Lendtech platform operators in the country have urged the federal government through the office of the Vice President Yemi Osinbajo, to disburse TraderMoni loans through the technology platforms in…
- 18 Jun 2021
DLM Capital Group Retains Position as Best Structured Finance & Securitization Team in West Africa
Prominent Developmental investment bank, DLM Capital Group have emerged winner at the Capital Finance International (CFI) 2021 awards as the best structured finance and securitization team in West…