As a major indicator of wealth distribution in Nigeria across income groups, a mere two per cent of Nigerians own 90 per cent of total deposits in Nigerian banks. This represents the wide gap between the rich and the poor in Nigeria, which continues to...

The Managing Director and Chief Executive Officer of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has suggested the re-establishment of National Savings Bank to expand the frontiers of Nigeria’s banking system.   Responding to a question at a lecture titled: “NDIC and Engendering Confidence in...

A workshop that was recently organized by the Nigeria Deposit Insurance Corporation (NDIC) for operators in the microfinance banking sub-sector could not have come at a better time. The capacity building programme was part of the efforts by regulatory and supervisory authorities to transform...