NDIC begins process of paying depositors of 3 failed microfinance banks

The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of paying depositors in 3 failed micro-finance banks.

Bank failure: Over 97% of depositors at deposit money banks are covered by the NDIC

NDIC says deposit insurance scheme does not cover bank directors, staff

by Chike Olisah

April 28, 2022

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The NDIC has insisted that its Deposit Insurance Scheme (DIS) does not cover insider deposits which are made up of ...

NDIC deploys SCV to safeguard microfinance banks’ customers from bank failure

by Ubah Jeremiah Ifeanyi

April 8, 2022

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The NDIC has created a SCV platform that will be deployed to microfinance banks to avoid delays in depositor reimbursement ...

Can Nigeria afford to create more states?

Senate confirms Chidinma Osuji as Executive Director of NDIC

by Justina Mboho

February 16, 2022

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The Senate has confirmed the nomination of Mrs Emily Chidinma Osuji as Executive Director of the Nigerian Deposit Insurance Corporation ...

Reactions trail President Buhari’s signing of the Petroleum Industry Bill

Buhari seeks Senate confirmation for top appointments in NERC, NDIC, NMDPRA

by Chike Olisah

February 2, 2022

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President Muhammadu Buhari in a letter to the Senate has sought the confirmation of the appointment of 4 commissioners for ...

Inflation rate, LDR: Growing the real sector by fiat?, Rapid increase in food prices temporary – Emefiele, CBN and other industry stakeholders establish N1 billion Bankers’ Charitable Endowment Fund , How the CBN’s OMO restriction is affecting the market , Nigerian economy to grow by 2.38% in Q4 - CBN, New CBN report shows Nigerians will reduce consumption of luxury items, Banks violating CBN’s directive on N50 charge on accounts, send contradictory messages, What is on Godwin Emefiele’s mind?, These CBN policies are contradictory and stifling on banks, What you need to know as Banks rebrand CBN intervention funds to woo borrowers, CBN extends timeframe for submission of audited financial statements by other financial institutions, CBN to launch Tertiary Institutions’ Entrepreneurship Scheme, CBN tackles cybersecurity threats as it issues guidelines for OFIs

Igbo Traders Association send petition to CBN over indiscriminate bank charges 

by Ubah Jeremiah Ifeanyi

December 7, 2021

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The South-East Amalgamated Markets Traders Association has addressed a petition to the Central Bank of Nigeria alleging indiscriminate bank charges ...

Bank failure: Over 97% of depositors at deposit money banks are covered by the NDIC

by Ubah Jeremiah Ifeanyi

November 22, 2021

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In the event of a bank failure, the Nigeria Deposit Insurance Corporation (NDIC) stated that over 97 per cent of ...

Overcharged bank customers can petition the CBN or NDIC for a refund – Hassan Bello

by Ubah Jeremiah Ifeanyi

November 3, 2021

2

The Nigerian Deposit Insurance Corporation, NDIC, has stated that customers who discover that they have been overcharged, can petition the ...

NDIC commences payment of liquidation dividend to depositors of 14 closed banks

NDIC to collaborate with bankers’ committee, others to tackle cybercrimes

by Ubah Jeremiah Ifeanyi

October 23, 2021

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The Nigeria Deposit Insurance Corporation (NDIC) is in collaboration with the bankers' committee and other government agencies to check the ...

NDIC commences review of risk based premium for banks

by Ubah Jeremiah Ifeanyi

October 21, 2021

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The Nigerian Deposit Insurance Corporation (NDIC) has commenced steps to introduce a risk-based deposit insurance premium for Deposit Money Banks ...

Tag: NDIC