Banking

Banks Close over 2 Million Accounts in KYC Push

Nigerian commercial banks have shut down over 2 million accounts in the first quarter of 2024, in a move aimed at cleaning up their books and enforcing regulations. This crackdown…

By Lagos Daily Reporter 2 Min Read

Nigeria Boosts Deposit Insurance Coverage to N5 Million

The Nigeria Deposit Insurance Corporation (NDIC) has significantly increased deposit insurance coverage, providing greater protection for your hard-earned money. Deposit insurance guarantees that depositors will get their money back up…

By Lagos Daily Reporter 1 Min Read
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