NDIC says it has paid N101 billion to depositors of failed banks

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

As of June 30, 2021, the Nigeria Deposit Insurance Corporation (NDIC) had paid a total of N101.67 billion in uninsured ...

NDIC warns bank customers against falling prey to ponzi schemes

by Ubah Jeremiah Ifeanyi

October 6, 2021

Bank depositors have been warned by the Nigeria Deposit Insurance Corporation (NDIC) against falling prey to Ponzi schemes. This was ...

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

by Chike Olisah

June 28, 2021

The NDIC has announced its readiness to begin payment of liquidation dividends to uninsured depositors, creditors and shareholders of 14 ...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN, NDIC to set up bridge bank for struggling financial institutions

by Chike Olisah

November 17, 2020

The CBN and the NDIC have been empowered to set up a Banking Sector Resolution Fund to ensure the safety ...

Depositors of Post Service Homes Savings and Loans Limited soon to be paid – NDIC

by Johnson Uche

October 6, 2020

Depositors of Post Service Homes Savings and Loans Limited currently in liquidation will soon be paid their claims.

NDIC wants to be involved in the licensing of Nigerian banks

by Emmanuel Abara Benson

July 17, 2020

Regulatory stakeholders in the financial sector have been partaking in the adjustments to BOFIA 2004.

NDIC donates N1 billion for COVID-19 relief fund

by Chidinma Nwagbara

April 9, 2020

The Nigeria Deposit Insurance Corporation (NDIC) has joined the growing list of corporate organisations and individuals who are donating to ...

154 failed banks: Insurance corporation commences payment to depositors , NDIC settles over 500,000 failed banks, MFB depositors, Defunct Savannah Bank not yet liquidated – NDIC clarifies , NDIC to use AI, digital technology to tackle emerging threats to banks , NDIC extends insurance coverage to mobile money subscribers, FG moves to capture 80% of Nigerians in formal financial services sector

FG to capture 80% adult in financial inclusion net

by Chidinma Nwagbara

December 12, 2019

FG is planning to get up to 80% of Nigerian adult population in the formal financial services sector. This is ...

CBN reveals framework for the N75 billion Youth Investment Fund, Economic Growth, CBN, Governor, Emefiele, CBN releases new capital base, sanctions for Microfinance Banks, Nigerian Banks broadly positive after naira devaluation, Naira hits N465 to $1, Central Bank begins disbursing $100million to hit at currency speculators, CBN appoints 3 Pre-Shipment Inspection and 2 Monitoring Agents for non-oil exports

Nigerian economy to grow by 2.38% in Q4 – CBN

by Titobioluwa Okunade

December 10, 2019

The Nigerian economy is expected to grow up to 2.38% in the last quarter of 2019, says the Central Bank ...

NDIC extends insurance coverage to mobile money subscribers

by Titobioluwa Okunade

November 7, 2019

Mobile Money customers can rest easy as the NDIC has included mobile money operators in its insurance coverage.

Tag: Nigeria Deposit Insurance Corporation