NDIC, CBN Battle Safety Issues In Nigeria’s Fintech Environment         The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it will adopt financial technology (fintech) solutions and tools to modernize its data collection and analysis processes amidst emerging safety issues surrounding application of technology in the nation’s...

NDIC Hosts International Virtual Conference The Nigeria Deposit Insurance Corporation (NDIC) has taken the front seat in the international finance community to drive public discourse on the impact, risks, challenges and opportunities of Financial Technology (FINTECH) by organising a two-day Virtual International Conference with the...

NDIC Gets N2bn To Pay Depositors Of Liquidated Bank     The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday said it liquidated Fortis Microfinance Bank (FMB) to protect the interest of depositors. It said the bank went into distress because of mismanagement and abysmal corporate governance practices The Central...

BOFIA Amendment:CBN, NDIC Clash Over Authority To Manage Distressed Banks   The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) are on collision course over authority to manage distressed banks in the country. This followed the divergent positions of the two regulators at...

NDIC Bags Servicom Award The Nigeria Deposit Insurance Corporation (NDIC) has emerged the best performing Ministerial Servicom Unit (MSU) in the team “C” category for Ministries, Departments and Agencies (MDAs) for the year 2019. The corporation’s Nodal Officer, Mrs. Fidelia Ngozi Chiefe, also scooped two awards...

In 6 Months, We Received 35 Bank Customers’ Petitions, Complaints — NDIC The Nigerian Deposit Insurance Corporation (NDIC) received a total of 35 petitions and complaints from bank customers on ATM frauds, unauthorized funds transfers, cheque related issues and others. Delivering a goodwill message at the...