financial stability

Senate Passes NDIC Bill to Protect Bank Depositors’ Funds

Oct 30, 2024. by Ekohot Editor

The Senate passed a bill on Tuesday aimed at bolstering the Nigeria Deposit Insurance Corporation (NDIC)’s capacity to protect depositors’ funds and reinforce the stability of Nigerian financial institutions. The bill, titled “Nigeria Deposit Insurance Corporation Act 2023,” was adopted following a report by the Senate Committee on Banking, Insurance, and Other Financial Institutions and … Read more

Ignore Mischief Makers, Our Licence Not At Risk Of Revocation By CBN – Fidelity Bank

Jun 18, 2024. by Praise Ben

Fidelity Bank Plc. dismisses rumors of its license revocation by the CBN, assuring strong financial stability and announcing a N127.1 billion capital raise through a public offer and rights issue. EKO HOT BLOG reports that Fidelity Bank Plc. has dismissed rumours circulating about a potential revocation of its operating licence by the Central Bank of Nigeria … Read more