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Tag "PMBs"

NDIC increases banks’ deposit insurance coverage from N500k to N5m

    NDIC increases banks’ deposit insurance coverage from N500k to N5m

The Nigeria Deposit Insurance Corporation (NDIC) has increased deposit insurance coverage for all licensed deposit-taking financial institutions. Bello Hassan, NDIC managing director and chief executive officer (CEO), announced on Thursday

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Submit returns or face sanctions, CBN warns mortgage, microfinance banks

    Submit returns or face sanctions, CBN warns mortgage, microfinance banks

The Central Bank of Nigeria (CBN) has warned all development finance institutions (DFIs), primary mortgage banks (PMBs), and microfinance banks (MFBs) in the country regarding the late submission of regulatory

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