NDIC goes after debtors of Heritage Bank, vows to pay uninsured depositors, creditors
The Nigeria Deposit Insurance Corporation (NDIC) said it has commenced the process of recovering debts from debtors of the recently ...
Tag: Heritage Bank
Multichoice Group writes off N31.6 billion in Nigeria’s liquidated Heritage Bank
The South African Pay-TV operator, Multichoice Group, said it has written off the N31.6 billion ($21 million) cash it had ...
NDIC to auction defunct Heritage Bank’s landed assets next month
The Nigeria Deposit Insurance Corporation (NDIC) is set to commence the auction of landed properties and chattels belonging to the ...
NDIC pays 82.36% of insured deposits to customers of liquidated Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has successfully paid 82.36% of the total insured deposits to customers of the now-defunct ...
Discrepancy in account names delaying payment of some Heritage Bank customers – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has stated that discrepancies in account names linked to the Bank Verification Numbers (BVN) ...
A failed attempt to trigger a run on banks
Fidelity Bank's 2023 Profit Before Tax grew by 131.5%, driven by robust earnings and strategic growth initiatives, ensuring strong shareholder ...
Multichoice Group has an account balance of N31.6 billion with Heritage Bank
Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation.
Nigerian banks pay N166.4 billion to NDIC as Deposit Insurance premium in 2023
Nine publicly listed commercial banks paid a sum of N166.4 billion as deposit insurance premium to the Nigerian Deposit Insurance ...
Heritage Bank: NDIC to begin payment to 2.3 million depositors this week
The Nigeria Deposit Insurance Commission (NDIC) says it will begin payment to 2.3 million depositors of the Heritage bank this ...
Heritage Bank: Another one bites the dust by Joseph Edgar
The CBN revoked its license, with a lot of depositors' funds at risk, including one customer reportedly losing about N11 ...
