NDIC Moves to Declare Final Liquidation Dividends for Progress Bank Depositors
The Nigeria Deposit Insurance Corporation has announced its intention to declare and pay final liquidation dividends to eligible depositors, creditors...
Tag Archives: #NDIC
NDIC Maintains Focus on Depositor Protection as Nigeria’s Banking Sector Evolves
The protection of bank depositors remains an important issue for Nigeria's financial system as regulators continue efforts to maintain confidence,...
NDIC Urges Nigerians to Embrace Formal Banking as ₦5m Deposit Cover Protects 98.98% of DMB Depositors
The Nigeria Deposit Insurance Corporation, NDIC, has urged Nigerians to keep more of their money within the formal banking system,...
NDIC Begins Liquidation of Aso Savings, Union Homes; Depositors to get Up to ₦2m insured payments each
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Aso Savings and Loans Plc and Union Homes Savings...
NDIC Strengthens Collaboration with Judiciary to Expedite Prosecution of Failed Banks
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has announced that the...
NDIC Initiates Asset Recovery of Liquidated Heritage Bank, Pays 84.98% Insured Depositors’ Funds
The Nigeria Deposit Insurance Corporation (NDIC) has commenced asset recovery process of liquidated Heritage Bank following the revocation of its...
FICAN 2024 Conference: NDIC, BOI, BDAN, other financial institutions in Focus as Nigeria Targets $1 Trillion Economy
The Finance Correspondents Association of Nigeria (FICAN) has garnered significant support from key players in the banking and financial sectors...
CBN, SEC, NDIC Collaborate to Streamline Bank Recapitalization Process
The Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the Nigeria Deposit Insurance Corporation (NDIC) have...