NDIC

July 5 (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator of the 46 Microfinance Banks (MfBs) whose licences were revoked on July 1, 2026, by the Central Bank of Nigeria (CBN). The...

April 19, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has commenced the final phase of winding down 89 defunct Microfinance Banks (MFBs) and one Primary Mortgage Bank (PMB), following their successful resolution under the Purchase and Assumption (P&A)...

February 12, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has moved to intensify efforts to recover about ₦1.5 trillion owed by debtors to failed banks and Microfinance institutions by empowering and repositioning its network of debt recovery...

February 01, (THEWILL) — A crucial factor for the success of the current bank recapitalisation is the ability of the Nigeria Deposit Insurance Corporation (NDIC) to safeguard depositors and enhance the stability of the banking system, in accordance with...

January 12, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has approved a second liquidation dividend of ₦24.3 billion for depositors of the defunct Heritage Bank Plc, whose balances exceeded the ₦5 million insured limit. The payout follows the revocation...

January 04, (THEWILL) — The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA)...

December 31, (THEWILL) — The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr Thompson Sunday, has drawn attention to the fact that the Federal Government’s 50 per cent cost-to-income ratio policy is limiting the corporation’s ability to...

December 24, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has entered into a strategic partnership with the Nigeria Inter-Bank Settlement System (NIBSS) to accelerate the reimbursement of depositors in the event of bank failures. The collaboration is aimed...

October 06, (THEWILL) — The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Sunday, has said that the corporation currently provides full insurance cover for 98.98 percent of Deposit Money Banks’ total deposits. Sunday revealed this at the NDIC Special...

August 10, (THEWILL) — The Nigeria Deposit Insurance Corporation has disbursed the sum of N54.62 billion to 691,418 depositors of the defunct Heritage Bank and also declared a liquidation dividend of 9.2 kobo per naira to uninsured depositors. This was...