Formal Banking System News Today

(AFRICAN EXAMINER) - The Nigerian Deposit Insurance Corporation, (NDIC) has advised on the need to always save their money with Formal Banking System as they remain the safest, smartest and most prudent place to save and the only way through which the corporation can protect bank deposits. The Organization equally stated that such deposits enjoy

Hundi might be informal, but it is quite well-organised and more importantly, it is perceived to be much easier and more convenient in comparison to the formal banking system.