CBN Says Banking Reforms Strengthen Nigerian Banks’ Capacity

CBN introduces regulatory tracks for virtual assets and data-enabled services

By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says reforms in the banking sector are strengthening the capacity and resilience of Nigerian banks to support sustainable economic growth. The Director of the CBN’s Stakeholder Engagement and Institutional Relations Department, Hakama Sidi-Ali, stated this at the CBN Listens Programme in Ibadan, Oyo State. According to […]

NDIC Boosts Deposit Funds to Protect Depositors

Officials of the Nigeria Deposit Insurance Corporation during a meeting on strengthening financial stability and protecting bank depositors in Nigeria.

By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) says it is intensifying efforts to strengthen its Deposit Insurance Funds (DIFs) as part of measures to safeguard Nigeria’s financial system and protect bank depositors. The Managing Director and Chief Executive of the NDIC, Thompson Sunday, disclosed this during a courtesy visit to the Director-General of […]

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