NDIC, KOREA Counterpart Sign MOU On Deposit Insurance System The Nigeria Deposit Insurance Corporation (NDIC) has signed a Memorandum of Understanding (MOU) with the Korea Deposit Insurance Corporation (KDIC) on a wide range of issues intended to facilitate the robust implementation of the Deposit Insurance...

NDIC Cautions Against Adoption Of Cryptocurrencies   The Managing Director, Nigeria Deposit Insurance Corporation, Umaru Ibrahim, on Thursday called on Nigerians to exercise caution in the adoption of cryptocurrencies as their preferred mode of financial transactions. He warned that while various forms of digital currencies currently in...

NDIC Seeks Speedy Amendment Of Enabling Act   The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate of the Federal Republic for the speedy passage of the NDIC Act, 2006 (as amended) currently...

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...