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 ...
Tag: NDIC
News and stories about NDIC
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 ...
Banks’ recapitalization key to achieving Nigeria’s $1 trillion economy aspiration—NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has said that the ongoing banking recapitalization would play a key role in the ...
Insecurity forces closure of five microfinance banks in the southeast in September 2023 – NDIC
At least five microfinance banks (MFBs) in Nigeria’s southeast were shut down in September 2023 due to insecurity in 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 ...
Opay drives innovative security feature to secure user’s finances
OPay, Nigeria's leading mobile money platform is proud to announce a robust suite of security enhancements, ensuring user’s fund stays ...
List of 18 mobile money operators in Nigeria insured by NDIC
The recent liquidation of Heritage Bank and the attendant apprehension over depositors’ money has raised more concerns for users of ...
User funds are now insured up to 5M under NDIC – OPay
OPay has delivered reassuring news to its users: all funds are now insured up to 5 million Naira under the ...
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) ...
CBN mulls new regulation to drive compliance by Nigerian fintechs
The Central Bank of Nigeria (CBN) has said it is working on a new regulation aimed at improving the level ...
