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Nigeria Deposit Insurance Corporation

22 Oct 2019
The Nigeria Deposit Insurance Corporation (NDIC) remitted a whopping N217 billion into the Consolidated Revenue Fund (CRF) of the government within the three decades of its existence, the Ministry of Finance has disclosed.
22 Oct 2019
In 30 years of operations, the Nigeria Deposit Insurance Corporation (NDIC) has paid a cumulative sum of N11.93 billion to depositors of failed financial institutions in the country.
1 Jul 2019
The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the ninth Senate of the Federal Republic for the speedy passage of the NDIC Act, 2006 (as amended), currently before the National Assembly. Ibrahim made the plea when the management of the corporation paid a courtesy…
6 May 2019
Shareholders are the owners of companies whether listed or not. They have claim on a portion of the assets owned by the company. As these assets generate profits, which are ploughed back for further growth, shareholder value increases which capital markets reward through rise in stock price.
26 Nov 2018
The quest for the amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006, to enable it eliminate assessed gaps hindering the full implementation of the Deposit Insurance System (DIS) in Nigeria, would be given accelerated attention, The Guardian has learnt.   The Senate Committee on Banking, Insurance and Other Financial Institutions expressed has expressed a strong commitment of the lawmakers to the…
3 Oct 2018
Nigeria Deposit Insurance Corporation (NDIC) paid N11.50 billion to depositors and other creditors of failed financial institutions in the country last year. The Managing Director and Chief Executive, Umaru Ibrahim, stated this during the NDIC Special Day at the Abuja International Trade Fair with the theme ‘Enhancing SMEs in Agribusiness through Innovative Technology', in partnership…
1 Oct 2018
The emergence of Polaris Bank to take over the defunct Skye Bank has prevented the extreme situation and applications of two terminologies- “collapse and liquidation”, associated with unfavourable banking industry outcome. A bank is said to have collapsed when it is unable to meet its obligations to its depositors or other creditors, because it has…
24 Sep 2018
Reports that banks in the country have been reducing their loan portfolio to businesses should not be taken lightly by the power elite and those who have responsibility to manage the economy. Businessmen and intending entrepreneurs should note that the Nigerian economy at present requires every support to rebound fully and ensure improved economic and…
24 Jul 2018
The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has advocated quality education as panacea to check the spate of violence and insecurity challenges currently being experienced in the country. Ibrahim made the remark in an address he delivered at the 15th graduation ceremony of Zaria Academy, Kaduna State, where a…
12 Mar 2018
The cases of fraud are rising in the nation’s banking industry, prompting a resolve by the Nigeria Deposit Insurance Corporation (NDIC) to investigate affected banks.
19 Dec 2016
Prudential ratios are used by banks and regulatory authorities to monitor and determine the stability of the banks’ finances. They include capital adequacy and liquidity, among others.
1 Dec 2016
The Nigeria Deposit Insurance Corporation (NDIC) has extended its coverage to deposits of subscribers of non-interest financial institutions with maximum limit of N500, 000 per depositor.

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