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NDIC
News and stories about NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the disbursement of liquidation dividends to depositors, creditors, and shareholders of Pearl Microfinance Bank, which is currently undergoing liquidation.
I was abroad when the CBEX scandal broke: somehow, I tend to be out of town when Nigerians...
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of N46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank, targeting those with account balances above the insured limit of N5 million.
The Nigeria Deposit Insurance Corporation (NDIC) has announced that the first tranche of liquidation dividends for uninsured depositors...
The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has...
The South African Pay-TV operator, Multichoice Group, said it has written off the N31.6 billion ($21 million) cash it had with the recently liquidated Heritage Bank.
The Nigeria Deposit Insurance Corporation (NDIC) is set to commence the auction of landed properties and chattels belonging to the defunct Heritage Bank, starting Wednesday, December 4, 2024.
The Nigeria Deposit Insurance Corporation (NDIC) has said that the ongoing banking recapitalization would play a key role in the country’s journey to becoming a $1 trillion economy, an ambition recently declared by President Bola Tinubu.
At least five microfinance banks (MFBs) in Nigeria’s southeast were shut down in September 2023 due to insecurity...
The Nigeria Deposit Insurance Corporation (NDIC) has successfully paid 82.36% of the total insured deposits to customers of the now-defunct Heritage Bank, following the revocation of the bank's license by the Central Bank of Nigeria (CBN) on June 3, 2024.
OPay, Nigeria's leading mobile money platform is proud to announce a robust suite of security enhancements, ensuring user’s fund stays secured.
The recent liquidation of Heritage Bank and the attendant apprehension over depositors’ money has raised more concerns for users of fintech companies licensed to operate as mobile money operators (MMOs) such as Opay, Palmpay, and Paga, among others.