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NDIC Raises Depositors Coverage for Banks from N500,000 to N5m

NDIC Raises Depositors Coverage for Banks from N500,000 to N5m The Nigeria Deposit Insurance Corporation has announced the increase of the Maximum Deposit Insurance Coverage for banks operating within the country. At a media briefing held in Abuja, NDIC’s Managing Director, Bello Hassan, revealed the new coverage benchmarks. The[Read More…]

May 2, 2024 by Eberechi Constance Comments are Disabled

Business

NDIC Commences N16bn Payment To 20 Defunct Banks’ Stakeholders

NDIC Commences N16bn Payment To 20 Defunct Banks’ Stakeholders The announcement comes after impressive recoveries from debtors and realisation of assets of banks in liquidation, the corporation says. The Nigeria Deposit Insurance Corporation (NDIC) has announced the declaration of N16.18 billion in liquidation dividends to depositors, creditors, and[Read More…]

October 5, 2023 by Eberechi Constance Comments are Disabled

Latest News

Ex-Minister, Diezani seeks to amend suit against EFCC over Asset forfeiture

NICOCSO asked NNPCL to render account of $20bn spent on Nigeria’s refineries

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

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Tag: NDIC

NDIC Raises Depositors Coverage for Banks from N500,000 to N5m

NDIC Commences N16bn Payment To 20 Defunct Banks’ Stakeholders

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Latest News

Ex-Minister, Diezani seeks to amend suit against EFCC over Asset forfeiture

NICOCSO asked NNPCL to render account of $20bn spent on Nigeria’s refineries

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

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Breaking News

Tag: NDIC

NDIC Raises Depositors Coverage for Banks from N500,000 to N5m

NDIC Commences N16bn Payment To 20 Defunct Banks’ Stakeholders