Tag: NDIC

Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in ...

The remaining 17.64 per cent of the insured deposits yet to be paid were largely depositors whose accounts have post ...

On payment of depositors with more than five million naira with the bank, NDIC said they would be paid a ...

The official says Heritage Bank had deposits worth N650 billion and loans of about N700 billion.

The corporation assured depositors that they will be paid up to N5 million using their Bank Verification Number (BVN) to ...

The CBN said it took the action to strengthen public confidence in Nigeria's banking system.

The NDIC’s Interim Management Committee (IMC) approved the adjustment during its 18th meeting on 24 and 25 April

There is a consensus among industry experts that the twin problems of e-fraud and exorbitant charges hinder financial inclusion in ...

The primary function of NIRSAL PLC is to provide risk-mitigation services for financial institutions, including banks and microfinance banks when ...

The DPAS, implemented in 2008, aims to differentiate premiums paid by insured financial institutions based on their risk profiles

“Stop putting pressure on me with requests. I will not honour your requests. I am going to be very different,” ...

In February 2020, the payment was put on hold due to litigation challenging the revocation of the bank's operating license.

Buhari reconstitutes NDIC governing board, approves seven new appointments

The NDIC paid ₦11.83 billion to over 443,949 insured depositors and over ₦101.37 billion to uninsured depositors.

The lawmakers say there was a need to ensure that the divestment in the bank did not jeopardise the core ...

Mr Onyechere said the corporation has intensified awareness campaign across the nation, warning people against scammers operating ponzi schemes.

In cases where the Central Bank of Nigeria (CBN) revokes the license of some microfinance banks, such bank’s customers have ...

The bill seeks to increase the punishment for not declaring assets from 10 years imprisonment in the Principal Act to ...

Mr Kosoko said Mr Babalola’s resignation became effective on December 17.

The entire process of the passage of the legislation took only two weeks.

The outgoing NDIC chief has concluded his second term as MD.

In assenting into law of the BOFIA 2020, President Muhammadu Buhari said the new legislation represents a “monumental piece of ...

Senate receives Buhari’s request to confirm Law Reform Commission, NDIC nominees.

The NDIC has carried out liquidation activities on 425 financial institutions since 1988.

“When we resume plenary, the NDIC Act Amendment Bill will be a top priority,” Mr Lawan notes.