By Matthew Denis Abuja In a bid to ensure safety of the Financial institutions in the country, the Nigerian Deposit Insurance Corporation (NDIC) provides deposit insurance for 33 Deposit Money Banks (DMBs), 882 Microfinance Banks, 34 Primary Mortgage Banks (PMBs),…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC), and other Africa Deposit Insurance agencies will explore the role of deposit insurance in early detection and timely intervention in resolving bank failures. A statement by Mr Bashir Nuhu, the Director,…
The Nigeria Deposit Insurance Corporation (NDIC) has bagged the Federal Government’s ‘level five’ platinum level organisation award for outstanding performance in good governance and financial accountability. The assessment was done by the Bureau of Public Service Reform (BPSR) from Sept.…
The Nigeria Deposit Insurance Corporation (NDIC), says the effective resolution of banks in distress is critical to depositors’ protection. The NDIC on its official Twitter handle on Thursday said the effective resolution would also ensure the stability of the financial…
The Nigeria Deposit Insurance Corporation (NDIC) says it will avail the opportunity of the 20th Anniversary celebration of the International Association of Deposit Insurers (IADI) to deepen its engagement in deposit insurance. The Managing Director/Chief Executive Officer of NDIC, Mr…
By Seun Ibiyemi The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan has said that all Deposit Money Banks (DMBs) in Nigeria, including Polaris Bank are safe and sound. Hassan made the clarification on the sideline of a three-day…
The Nigeria Deposit Insurance Corporation (NDIC) has advised Nigerians to beware of ponzi scheme operating under the guise of financial institutions. Mr. Chima Onyechere, the Zonal Controller of NDIC, Ilorin Zone, who gave the advice on Wednesday in an interview…
With the recent increase in investment channels arising from innovative products, there has been an increase in illegal fund managers who have been using different platforms soliciting public to invest their funds with them, promising excessive returns on such investments.…
The Nigeria Deposit Insurance Corporation (NDIC), has called for stronger collaboration with the ICPC on implementation of the National Anti-Corruption Strategy (NACS) in the corporation. A statement by Mr Bashir Nuhu, the Director, Communication and Public Affairs Department of the…
The market capitalisation of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to close at N2.27 trillion as of 24th of June, 2022, as investors in these banks gained a total of N39.44…
