News
Regulation
Banking
We’ve started paying depositors of 46 microfinance banks — NDIC
Vanguard
Aug 6, 2026 · 07:52 WAT
The Nigeria Deposit Insurance Corporation says it has begun paying depositors of 46 microfinance banks whose licences were revoked by the Central Bank of Nigeria in July 2026. NDIC also reports that more than 700,000 depositors of Heritage Bank have received payments.