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flag Nigeria's central bank shuts two banks for failing capital rules, with deposit insurance payouts starting Dec. 16.

flag 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. flag 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. flag Remaining balances will be paid later through liquidation. flag The CBN cited violations of financial regulations and emphasized its commitment to financial stability.

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