Thursday, 02 July 2026
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NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

According to the corporation, the affected banks have ceased to operate as licensed financial institutions and are no longer authorised to carry out banking business in Nigeria.
The post NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria .

Source: Premium Times

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