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.
Latest
1 hour ago
Akwa Ibom State Government has indicated readiness to commence aggressive desilting of gutters and flood channels across the state.
1 hour ago
The Delta State Police Command has urged Point-of-Sale (POS) operators to be cautious when handling large cash transactions, particularly those involving armed individuals. It noted that customers requesting large cash transactions should be accompanied by a video by the POS operator. Police spokesperson, SP Bright Edafe, stated on Friday in a post on X, noting…
1 hour ago
Lagos State government on Friday said it has apprehended 10 fake enforcement officials around the Cele/Itire axis of the Apapa-Oshodi Expressway of the state. The apprehended persons; Ojo Oluwaseun, Rafiu Agbabiaka, Babatunde Ibrahim, Abiodun Olusegun, Daniel Olanrewaju, Aweda Kabiru, Olufowobi Michael, Olamilekan Olasupo, Bunmi James and Iyiola Shola(female) were caught carrying out unauthorised enforcement using…
2 hours ago
Mikel Arteta has urged Arsenal to prove they have the mental strength to bounce back from a painful spell that wrecked their Champions League challenge and dented their Premier League title bid.
2 hours ago
The WHO announced Friday it had approved a new, simpler version of an existing oral cholera vaccine, which should help increase the number of available doses as global cases surge.
2 hours ago
The Registrar, Joint Admission and Matriculation Board (JAMB), Prof. Is-haq Oloyede has monitored the ongoing Unified Tertiary Matriculation Examination (UTME) exercise in Abuja. Prof. Oloyede who monitored the exercise at the Kogo Computer Based Tests (CBT) Centre in Bwari Area Council of Abuja, expressed satisfaction with the process. He reiterated the examination body's earlier order…
2 hours ago
The Corporate Affairs Commission (CAC) has warned newly-registered companies against paying certain fees to obtain tax identification number (TIN) amongst others. The management of CAC gave this warning in a statement on its X handle on Friday. CAC said it noticed email messages sent to directors of newly-registered companies. READ ALSO: CAC targets registration of…
2 hours ago
Ukraine's President Volodymyr Zelensky said Friday that NATO must choose whether it really is an ally of Ukraine by accelerating weapons supplies to help his struggling forces.