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FG committed to a stable financial system – NDIC

FG committed to a stable financial system – NDIC

The Federal Government is committed to ensuring a stable financial system in the country, Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, (NDIC), Umaru Ibrahim, has said. The NDIC boss stated this during a seminar organised by the corporation for management staff of the Federal Ministry of Finance, in Abuja on Monday. Ibrahim stated that […] …

NDIC board promises financial system stability

NDIC board promises financial system stability

Members of the newly inaugurated board of the Nigeria Deposit Insurance Corporation (NDIC) have stated their commitment to the formulation of policies that will enhance the safety and stability of the nation’s financial system. Its Chairperson, Mrs. Ronke Shokefun stated this at a retreat for the directors in Abuja. Mrs. Shokefun said the board is […] …

NDIC shutdowns Fortis Microfinance Bank

NDIC shutdowns Fortis Microfinance Bank

The Nigeria Deposit Insurance Corporation (NDIC), has announced the official liquidation of Fortis Microfinance Bank and its branches nationwide. The corporation made this known in a press statement posted on its official website. It assured insured depositors of the repayment of their monies. The statement reads: “The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator […] …

N9.86 NDIC debt: Ex-bankers, CBN, others may settle out of court

N9.86 NDIC debt: Ex-bankers, CBN, others may settle out of court

Indications are that the over 10, 000 ex-banks staff who challenged their forceful retirement from active service at the court of law may reach an out-of-court settlement, The Nation has learnt. The affected erstwhile bankers had appeared in court at the National Industrial Court in Ikoyi last Wednesday in their large numbers to press home […] …

Bank fines, Adeosun’s scandal rocked financial sector in 2018

Bank fines, Adeosun’s scandal rocked financial sector in 2018

In 2018, double-digit inflation roiled the economy just as the foreign exchange (forex) market was under steady intervention of the Central Bank of Nigeria (CBN) in order to keep the Naira within the N360 band to the US dollar. Aside the money market, the capital market too was rocked by constant outflows as election uncertainties […]
The post Bank fines, Adeosun’s scandal rocked financial sector in 2018 appeared first on The Sun Nigeria. …

CBN, NDIC to banks: look beyond profitability

CBN, NDIC to banks: look beyond profitability

Banking thrives when lenders promote activities that make life better for the people. The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) insist that banking should go beyond the profit motive, with lenders ensuring that the people and the environment where the business is done have something to cheer, writes COLLINSRead More …

Senate confirms Keyamo, others member of NDIC board

The Nigerian Senate,Wednesday, confirmed the Director of Media of President Muhammdu Buhari Campaign Organisation, Festus Keyamo, alongside others as members of Nigerian Deposit Insurance Corporation (NDIC). The board will be headed by Ronke Sokefun and Other new members which includes: Adewale Adeleke, Mustapha Adewale Mudashiru, Josef O. J. Okoloagu and Alhaji Garba Bello. Following the announcement the […]
The post Senate confirms Keyamo, others member of NDIC board appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

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