Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Nigeria's central bank shuts two banks for failing capital rules, with deposit insurance payouts starting Dec. 16.
The Central Bank of Nigeria has revoked the operating licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc due to regulatory breaches, including failure to meet capital requirements and insolvency.
The Nigeria Deposit Insurance Corporation (NDIC) has begun paying up to ₦2 million in insured deposits to customers using Bank Verification Numbers, with claims accepted online or in person from December 16 to 30, 2025.
Remaining balances will be paid later through liquidation.
The CBN cited violations of financial regulations and emphasized its commitment to financial stability.
9 Articles
El banco central de Nigeria cierra dos bancos por incumplir las reglas de capital, con pagos de seguro de depósitos que comienzan el 16 de diciembre.