NDIC Gives Vote of Confidence to Banks   The Nigeria Deposit Insurance Corporation (NDIC) says the banking sector is now immunized to shocks that may invade the economy and the financial system. Despite Nigeria's economic woes, including impending food shortages and rising inflation, NDIC noted that banks...

NDIC Pays N102bn To Depositors Of Closed Banks   The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has disclosed that the corporation has paid a total of N101.67bn uninsured sums as of 30th June 2021 to 535, 815 depositors of closed...

NDIC Paid N7bn To FG In 2018, Says Ibrahim   The Nigeria Deposit Insurance Corporation on Thursday said it remitted N7bn into the Consolidated Revenue Fund as its operating surplus for 2018 operations. The Managing Director/ Chief Executive of the corporation, Umar Ibrahim, gave the amount in...

N949bn Bank's Deposits Intact, NDIC Assures Customers Nigeria Deposit Insurance Corporation (NDIC), has assured customers of the defunct Sky Bank Plc, of maximum guarantee and unhindered access to their deposits in excess of N949.60 billion. Besides, the Corporation revealed that plans have been concluded to settled...

NDIC Seeks IOD’s Support For Corporate Governance In Banks The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, on Sunday called on the Institute of Directors, Nigeria to address the poor corporate governance practices posing a significant risk to the safety and...

CBN Sacks Bank Directors A number of bank directors have been fired by the Central Bank of Nigeria following cases of insider abuse relating to non performing-loans, it has been learnt. Specifically, the banking sector regulators, the CBN and the Nigeria Deposit Insurance Corporation, have in...