Tag: NDIC

NDIC says 99% of Nigerian bank depositors fully insured, urges BVN linkage

Business Damilola Bayonle -
NDIC insures 99% depositors, urges BVN linkage The Managing Director of the Nigeria Deposit Insurance Corporation has disclosed that nearly...

Failed banks’ depositor payouts: NDIC, NIBSS seal new deal

Business Damilola Bayonle -
Nigeria’s financial safety-net framework is set for a major upgrade as the Nigeria Deposit Insurance Corporation (NDIC) and the...

NDIC Begins N54.6bn Payout to Heritage Bank Depositors

Business Damilola Bayonle -
In a landmark development marking progress in Nigeria’s banking resolution efforts, the Nigeria Deposit Insurance Corporation (NDIC) has announced...