Tag: NDIC

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.

About N109.686 billion was provided for depositors of Deposit Money Banks (DMBs), while about N149.081 billion is budgeted for depositors ...

NDIC's operating income increased from N122.68 billion in 2016 to N146.47 billion in 2017.

The corporation says it is not playing 'catch up' with the technology.

The bank says fraudsters demand N1000 charge for a non-existent World Bank scheme.

The current Nigerian Financial Intelligence Unit, NFIU, is an arm of the EFCC.

Interesting rates are between 25 and 30 per cent.

An estimated three million Nigerians lost N18 billion to MMM.

SEC said investing in Bitcoins could be very risky and is not approved by any Nigerian regulatory agency.

Ten banks have been appointed as agents.

The president has asked the Senate to confirm the appointment.

Minister of Finance has approved the extension of differential premium assessment system to the PMBs.