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…
Nigeria Deposit Insurance Corporation (NDIC) has stated that the banking sector is now immunised to withstand shocks that may impact the economy and the financial system. Mr Bello Hassan, Managing Director of NDIC stated this at a retreat for members…
The Nigeria Deposit Insurance Corporation (NDIC) said it had embarked on collaboration and cooperation with other deposit insurance agencies globally to address the challenges facing the insurance industry. The NDIC Managing- Director/Chief Executive, Bello Hassan, said this at a retreat…
By Uthman Salami The Nigeria Deposit Insurance Corporation (NDIC), says its Deposit Insurance Scheme (DIS) does not cover insider deposits which are made up of deposits of banks’ directors and staff. The Corporation stated this on its official Twitter handle…
The Nigeria Deposit Insurance Corporation (NDIC) has developed a Single Customer View (SCV) platform to be deployed to Microfinance Banks (MFBs), to eliminate delays experienced in reimbursing depositors in the event of bank failure. Mr Bashir Nuhu, the Director, Communication…
