NDIC Archives

NDIC raises banks’ deposit insurance coverage to N5m

The Nigeria Deposit Insurance Corporation has announced the rise in the maximum deposit Insurance coverage for depositors of banks by 900 per cent to N5 million. This was disclosed in a Press release by the Managing Director/Chief Executive of NDIC, Bello Hassan via its official X handle on Thursday. He said the increase of the […]

monwubukepdnlimited-com
2nd May 2024
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Banking

NDIC reimburses depositors of 179 disolved banks

The Nigeria Insurance Corporation stated that depositors of four mortgage banks and 179 resting microfinance institutions nationwide have received their money back. According to The PUNCH, this was said on Thursday during the 45th Kaduna International Trade Fair at the NDIC Special Day, which was presided over by the organization’s managing director, Dr. Bello Hassan. […]

bfatoyepdnlimited-com
1st March 2024
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News

NDIC settles over N120.5bn liquidity claims

The Nigeria Deposit Insurance Corporation has stated that 545,269 depositors, creditors, and shareholders of the country’s insolvent banking institutions have received payments totaling more than N120.532 billion towards liquidation claims. The Guardian reported that claimants of Deposit Money Bank’s DMB, Micro Finance Bank’s MFBs, and Pay Money Bank’s PMBs were covered by the liquidity made as of June […]

bfatoyepdnlimited-com
5th November 2023
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242 Views

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Tag: NDIC

NDIC raises banks’ deposit insurance coverage to N5m

NDIC reimburses depositors of 179 disolved banks

NDIC settles over N120.5bn liquidity claims

Global AI usage to consume more electricity than.

Airlines can’t cope with jet fuel costs surge,.

NERC to pay customers selling excess solar power.

Nigeria’s private sector credit remains below economic peers.

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