The Nigeria Deposit Insurance Corporation (NDIC) has started the process of liquidating 46 microfinance banks whose operating licenses were revoked by the Central Bank of Nigeria (CBN). In a statement released on Wednesday, July 1st, the NDIC stated that it has taken control of the assets and operations of the affected institutions, in accordance with...
Trending
- External Debt of Developing Countries: A Record Amount of $9.4 Trillion
- External Debt of Developing Countries: A Record Amount of $9.4 Trillion
- : Burkina Faso: Arrival of over 8,000 Burkinabè gold miners from Guinea, government announces reorganization of the artisanal mining sector**
- Africa – CANEX 2026: Afreximbank Mobilizes $2 Billion for the African Cultural Industry
- : Burkina Faso: S&P Upgrades Sovereign Rating to B-, Praising Economic Resilience and Recovery of Public Finances**
- Shelter Afrique Development Bank Successfully Closes Its Sustainable Bond Issuance of 60 Billion FCFA with CGF Bourse as Arranger and Lead Manager
- Opinion Piece by Dacian Cioloș | Francophonie: A Vision for Participatory Economic Development in Africa
- Industry: Over 6 billion FCFA Decline in Revenue for the Multinational Bitumen Company in the First Half of 2026
Nigeria: Repayments begin after closure of 46 banks by Central Bank
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com