Safeguarding Depositors’ Funds With NDIC Act Amendment
In a significant move for Nigeria’s financial sector, the Senate has passed the Nigeria Deposit Insurance Corporation (NDIC) Amendment Bill, ...
Thursday, November 21, 2024
Tag: NDIC
NDIC Raises Depositors’ Coverage For Banks From N500,000 To N5m
The Nigerian Deposit Insurance Corporation (NDIC) has increased the maximum coverage of all deposit-taking financial institutions across all levels. Managing ...
NDIC, CBN Commence Intense Surveillance of Banking System
The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) have launched a comprehensive supervision effort to ...
NDIC, FIRS to spend N8.7 billion on software acquisition in 2024
The Nigeria Deposit Insurance Corporation (NDIC) and the Federal Inland Revenue Service (FIRS) have disclosed their plans to spend ...
NDIC To Probe Directors, Officers Of Revoked 183 MFBs, PMBs
The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose ...
Processing Claims From NDIC For Dissolved Banks’ Customers
Recently, the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) had revoked the licenses of 179 Microfinance Banks (MFBs) ...
NDIC WINS N1.4BN DEBT RECOVERY CASE AGAINST DEBTOR OF DEFUNCT GULF BANK
In its capacity as an official liquidator, the Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria ...
