NDIC
14 Apr
The Nigeria Deposit Insurance Corporation (NDIC) has said that the new Central Bank of Nigeria (CBN) policy, which pegs the minimum capital for commercial banks at N500 billion, is in line with current global economic dynamics.
25 Mar
Joint efforts are ongoing by the Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) to curb financial crimes in the banking sector of the economy.
24 Mar
The Economic and Financial Crimes Commission, (EFCC) and the Nigeria Deposit Insurance Corporation, (NDIC) have strengthened collaboration to promote transparency in the banking sector.
1 Mar
Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of licensed banks nationwide of swift payment of insured sums in the event of bank failure.
18 Feb
The International Monetary Fund (IMF) has called for an increase in current amount of deposit insurance coverage provided by Nigeria Deposit Insurance Corporation (NDIC) to reflect inflation and currency depreciation in the country.
26 Jan
The plan by the Nigeria Deposit Insurance Corporation (NDIC) and the Federal Inland Revenue Service (FIRS) to spend a combined N8.7 billion on software alone this year has received mixed reactions from stakeholders.
18 Dec
Nigeria Deposit Insurance Corporation (NDIC) said it has invigorated its liquidation activities and greatly increased its debt recovery rate leading to the declaration of 100 per cent liquidation dividends to uninsured depositors of over 20 deposit money banks in-liquidation.
12 Dec
Immediate past Managing Director and Chief Executive Officer of the Nigerian Deposit Insurance Association (NDIC), Umaru Ibrahim has said that many banks failed over non-compliance to risk management.
8 Dec
The Nigeria Deposit Insurance Corporation (NDIC) has said payment of about N16.18 billion to depositors of 20 liquidated financial institutions has begun.
30 Nov
The Nigeria Deposit Insurance Corporation (NDIC) is seeking the recovery of over N400 billion debts owed by liquidated banks for timely payment of their liquidation dividend – the amount in excess insured deposits, which is N500,000 in the case of commercial banks.
17 Oct 2023
The Nigeria Deposit Insurance Corporation (NDIC) has urged the Institute of Chartered Accountants of Nigeria (ICAN) to incorporate courses on the Deposit Insurance System (DIS) into its education programmes and modules.
2 Oct 2023
The Nigeria Deposit Insurance Corporation (NDIC), has declared additional over N16 billion as liquidation dividend to be paid to depositors, creditors and shareholders of 20 banks in-liquidation.
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