The CBN and the NDIC have been empowered to set up a Banking Sector Resolution Fund to ensure the safety of depositors’ funds.
Depositors of Post Service Homes Savings and Loans Limited currently in liquidation will soon be paid their claims.
Regulatory stakeholders in the financial sector have been partaking in the adjustments to BOFIA 2004.
The Nigeria Deposit Insurance Corporation (NDIC) has joined the growing list of corporate organisations and individuals who are donating to the relief fund set up by...
FG is planning to get up to 80% of Nigerian adult population in the formal financial services sector. This is according to the NDIC.
The Nigerian economy is expected to grow up to 2.38% in the last quarter of 2019, says the Central Bank of Nigeria (CBN).
Mobile Money customers can rest easy as the NDIC has included mobile money operators in its insurance coverage.
The MD/Chief Executive of NDIC, Alhaji Umaru Ibrahim, has clarified that the defunct Savannah Bank still has a license to operate in the country.
The NDIC has commenced the payment of money deposited in the 154 failed Micro Finance Banks (MFBs) to the customers of the banks.
The Federal Government has set up an inter-agency committee for the purpose of recovering the N5 trillion debt owed AMCON.