Tag: NDIC
NDIC raises banks’ deposit insurance coverage to N5m
The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage for depositors of all licenced deposit-taking financial institutions in event of...
Failed banks’ depositors get N1.39bn from NDIC
No fewer than 36,163 depositors of 110 closed Microfinance Banks (MFBs) and three Primary Mortgage Banks (PMBs) have been paid N1.39 billion by the...
NDIC: We’ll probe directors, managers of 183 MFBs, PMBs
The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licences were revoked earlier...
NDIC warns bank customers: Fraudsters becoming more creative
The Nigeria Deposit Insurance Corporation (NDIC) has warned bank customers and the public against displaying their bank details, saying fraudsters were becoming more creative.
The...
NDIC verifies depositors of 3 failed micro-finance banks
The Nigeria Deposit Insurance Corporation (NDIC) has said that it would commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose...
NDIC: How we saved 12,667 banks’ jobs, depositors’ N1trn
The adoption of the Bridge Banks option by the Nigeria Deposit Insurance Corporation (NDIC) has prevented systemic crisis and secured N1.021 trillion deposits which...
