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...

Minister of Finance, Mrs Kemi Adeosun, said inability of Federal Government to generate enough revenue to meet its obligation left it with no choice than to borrow to finance critical projects. The minister said this in Abuja while speaking at the 14th Daily Trust Dialogue...

The Nigeria Deposit Insurance Corporation (NDIC) has concluded a capacity building programme for Operatives of the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC). The fifty-two day long training programme is in line with the existing collaboration between the NDIC and...

The Nigeria Deposit Insurance Corporation (NDIC) has postponed the workshop on differential premium assessment system (DPAS) earlier organised for operators of primary mortgage banks (PMBs) from Wednesday, 23rd to Friday, 26th November, 2016. A release signed by Assistant Director, Communication and Public Affairs, Mr Olawale...