60% Of Nigerians Lack Access To Finance, NDIC Says Nigerians still do not have access to finance despite the proliferation of commercial banks in the country over the years. The Managing Director/ Chief Executive Officer, Nigeria Deposit Insurance Corporation, Mr Umar Ibrahim, stated this when he...

NDIC Recovers N29bn From Liquidated Banks - MD   The Nigeria Deposit Insurance Corporation says it has so far recovered N29bn from debtors of liquidated deposit money banks, microfinance banks and primary mortgage banks in the country. The Managing Director, Umaru Ibrahim, disclosed this at the 40th...

Senate To Speedily Amend NDIC Act For Improved Deposit Cover   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...

NDIC’s Premium Contribution Pool Exceeds N1tr   Premium contributions by insured financial institutions in the country, under the supervision of the Nigeria Deposit Insurance Corporation (NDIC) have risen to N1.07 trillion, according to the compilation of separate figures obtained by The Guardian. Premium contribution forms a major...

NDIC: Nigeria'll Monitor Digital Currency Risks   The Nigeria Deposit Insurance Corporation has said Nigeria is interested in developing a digital currency but will monitor the risks associated with it. The Deputy Director, Research Department, NDIC, Kabir Katata, stated this while speaking on the ‘evolution of virtual...

10 Banks Responsible For 87% Of Banking Sector Fraud, Says NDIC   Ten Deposit Money Banks accounted for about 87.63 per cent of fraud and forgeries that occurred in the banking sector in the 2017 fiscal period. This is contained in the 2017 annual report of the...