NDIC

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...

January 10, (THEWILL) – The Nigeria Deposit Insurance Corporation in collaboration with the Bureau for Public Procurement is holding a three-day retreat in Kano to enhance its procurement and financial management processes. The retreat, themed “Developing Innovative...

December 04, (THEWILL) - The Nigeria Deposit Insurance Corporation has advised customers of closed banks yet to receive their payment to visit the bank with their evidence to claim their funds. The Managing Director/Chief Executive of the corporation, Mr Bello...

September 29, (THEWILL) – For Nigeria to achieve the $1 trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance Corporation (NDIC), among other stakeholders, have emphasised the need for banks and Fintech companies to collaborate and...

September 27, (THEWILL) – The Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has re-emphasised the commitment of the Corporation towards ensuring financial service stability in the country. He also noted that the Corporation would remain...

September 11, (THEWILL) – The Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Hassan Bello, will deliver the keynote address at the annual conference of the Finance Correspondents Association (FICAN) billed to hold on September 28 and...

August 29, (THEWILL) – The Nigerian Deposit Insurance Corporation (NDIC) will, at the expiration of its notice released on August 23, 2024, approach a Federal High Court to grant the order to dissolve 87 microfinance banks and primary...

June 05, (THEWILL) - The Nigerian Deposit Insurance Corporation (NDIC) says the payment of depositors in Heritage Bank will commence before the end of the week. THEWILL earlier reported that the Central Bank of Nigeria (CBN) had revoked the operational...

May 2, (THEWILL) - The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage of all deposit-taking financial institutions in the country. In a statement on Thursday, NDIC Managing Director, Hassan Bello, said the maximum deposit...