The Nigeria Deposit Insurance Corporation (NDIC) has begun formal proceedings to conclude the liquidation of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs), following their resolution through the Purchase and Assumption (P&A) framework. The affected institutions were among 179 MFBs and four PMBs whose operating licences were withdrawn by the Central Bank of Nigeria (CBN) on May 22 and 23, 2023, as part of broader reforms to clean up the financial services sector and address weak balance sheets...............….......READ MORE