
NDIC Initiates Liquidation Process for 179 Microfinance Banks Revoked by CBN
Nigeria Deposit Insurance Corporation (NDIC) has announced its plans to expedite the liquidation of 179 microfinance banks that had their licenses revoked by the Central Bank of Nigeria (CBN). This decision comes after the CBN took action earlier this week, revoking the licenses of these microfinance banks, in addition to…