NDIC Achieves ISO Certification The Nigeria Deposit Insurance Corporation (NDIC) has successfully obtained three certifications from the British Standards Institution (BSI) for Information Security Management System ISO/IEC 27001:2013, IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012 after a rigorous process...

NDIC settles Depositors of Failed Banks with N105bn As at the end of September 2017,The sum of N105 billion had been paid to 442, 615 depositors of closed deposit money banks (DMBs). The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim...

•Corporation reiterates dangers of trading in Bitcoin The Nigerian Deposit Insurance Corporation (NDIC) said it has paid more than N100 billion to depositors of liquidated Deposit Money Banks in the country till date. Besides, the corporation revealed that it deployed all legal means to recover loans...

The Nigeria Deposit Insurance Corporation (NDIC) has been conferred with the Special Recognition and Commendation Award for Excellence in Banking (Public Service) at the Business Day Banking Awards 2017 which was held on October 14, 2017. In a letter of commendation to the Corporation, the...

The Nigeria Deposit Insurance Corporation (NDIC) is organising a five-day capacity building programme for senior officials of Ghana Deposit Protection Corporation (GDPC) as part of the NDIC’s efforts to assist member countries in the West African sub region to comprehend the relevance of Deposit...

Elementary concept in Islamic Banking dates back to the mid-1940s. Comprehensive details appeared in the late 1960’s. The first experiment was set up undercover in MitGhamr Egypt, 1963 (the model was German Savings bank modified with Islamic principles. Islamic Development Bank was established in...