•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...

The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has called on members of the public to ignore rumours of financial distress in some banks that are being circulated through text messages and social media to de-market those banks and...

The Nigerian Deposit Insurance Corporation (NDIC) has said while quoting the social media that an estimated three million Nigerians have lost N18 billion in the Phonzi scheme, popularly called Mavrodi Mundial Movement(MMM). Speaking at the NDIC day at the ongoing 38th Kaduna International Trade Fair...