NDIC urges strict sanctions for non-performing insider loans
Casual staff account for about 25 per cent of the banking industry workforce.
Tag: NDIC
NDIC wants stiffer sanctions against banks, officials aiding non-performing loans
The head of the NDIC also expresses concern with the high number of casual workers in the banks.The Nigeria Deposit ...
NDIC issues fresh framework for non-interest bank deposits
Maximum deposit insurance coverage same as conventional banks.
Nigerian universities to teach deposit insurance courses
“Fundamentals of Deposit Insurance Scheme” and “The Practice of Deposit Insurance” will now be offered in schools.
Nigerian depositors, banks lose N6.2 bn to fraudsters in one year — Report
Non-performing loans grew from ₦321.66bn to ₦354.84bn in the last one year.
CBN, NDIC clash: Experts urge dialogue
The NDIC wants more regulatory powers over banks, a role the CBN perceives as threatening.
CBN rebukes bill seeking more powers for NDIC
A new proposal sets to give parallel powers to the two financial regulators.
Sultan of Sokoto, Muslim leaders canvass nongovernment funding for Hajj
The Sultan of Sokoto spoke about the need to establish a hajj saving scheme.
No plan to liquidate insurance companies in Nigeria – NDIC
“...the liquidation of insurance companies does not fall under the purview of the corporation.” -------------------------------------- The Nigeria Deposit Insurance Corporation, ...
CBN approves closure of 83 micro finance banks
Some of the affected banks were closed because they only existed in paper. The Managing Director of the Nigeria Deposit ...
NDIC offers bailout to troubled micro-finance banks
The bailout comes in the form of financial assistance with minimum interest rate. The Nigeria Deposit Insurance Corporation, NDIC, has ...
Big spenders, CBN, NNPC, FAAN shun Reps remittances probe
The MDAs do not remit all the revenues generated, the speakers allege.
‘Extremely’ weak corporate governance, weak credit administration characterise Nigerian banks- NDIC
The NDIC and the CBN carried out the examination of the banks
87% of bank frauds in 2011 occurred in top 10 banks, says NDIC
The banking industry lost N4.07bn to frauds and forgeries in 2011 .
Nwosu, ex-FinBank boss, others used fake customers’ names to acquire N18bn Shares
The leaders of the defunct FinBank are undergoing trial for corruption charges.
Ex-banker on two weeks hunger strike goes home
The banker went on a hunger strike to protest the nonpayment of his terminal benefit
Saraki’s bank, SGBN, to return as Heritage Bank
The bank’s license was earlier revoked by the Central Bank.
Government proposes agency banking framework to boost financial inclusion
The agency model involves a process where retail outlets are contracted by a financial institution or mobile network operator to ...
NDIC, CBN train staff on risk based supervision of banks
Insurance Corporation and Central Bank collaborate on training staff in risk management and supervision.
Central Bank, NDIC committed to strengthen financial sector operators
Financial sector regulators commit to boost operator's capacity
