The Central Bank of Nigeria (CBN) has reassured Nigerians of the safety of their bank deposits, emphasizing that comprehensive policies are in place to secure funds across all financial institutions ...
The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, Bello Hassan, has revealed that only 25 per cent of the value of customers’ deposits are insured by the ...
As Nigerians make huge withdrawals from deposit money banks, the total amount of demand deposits dropped by N210bn between January and March 2023. Data from the Central Bank of Nigeria ...
Deposits by Nigerian banks rose by N6.92tn from N36.13tn as of the end of October 2021 to N43.05tn in the corresponding period of 2022. This was contained in the personal ...
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