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Nigeria Deposit Insurance Corporation

NDIC Lists Heritage Bank’s Offices, Assets For Sale

The Nigeria Deposit Insurance Corporation (NDIC) has listed the offices of Heritage Bank across the country for sale. The NDIC announced this in an advertorial published on Thursday, June 13, 2024. Other assets of the bank listed for sale include…

BREAKING: NDIC Hikes Deposit Insurance Coverage For Banks, Mobile Money Operators

THE Nigeria Deposit Insurance Corporation (NDIC) has increased deposit insurance coverage for all licensed deposit-taking financial institutions. Speaking at a press briefing in Abuja on Thursday, the NDIC Managing Director/Chief Executive, Bello Hassan, said the coverage ensures that depositors will be…

Don’t Allow Banks To Fail – Olukoyede Charges NDIC

THE Executive Chairman of the Economic and Financial Crimes Commission, EFCC,  Mr. Ola Olukoyede has tasked the Nigeria Deposit  Insurance Corporation, NDIC,  to keep closer watch on banks across the country to avoid failure and its attendant unsavoury effects on…

Customers Of Revoked 183 Financial Institutions Receive N1.7bn

NIGERIA Deposit Insurance Corporation, NDIC, has announced that it paid over N1.7 billion to customers of revoked microfinance banks (MFBs) and four primary mortgage bank (PMBs) licenses. According to NAN, Mr Bello Hassan, Managing Director/Chief Executive Officer, NDIC, said this…

NDIC Assures Nigerians Of Safety Of Bank Deposits

THE Nigeria Deposit Insurance Corporation (NDIC) on Thursday in Enugu assured depositors of the safety of their money against unusual bank failures. The assurance was given by the Senior Manager, Enugu Zonal Office of NDIC, Mr Othman Afolayan who represented…