The Digest:
The Nigeria Deposit Insurance Corporation will pay up to N2 million in insured deposits to each customer of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, following the Central Bank's revocation of their operating licenses.
Key Points:
The NDIC will pay...
The Digest:
The Central Bank of Nigeria has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing multiple breaches of banking laws and severe capital inadequacy.
Key Points:
The CBN revoked the operating licences of Aso Savings and Loans...